HSST(SZ:000707) Zheng Quan Zhi Xing·2025-08-05 16:10Core Points - Hubei Shuanghuan Technology Co., Ltd. has received approval from the China Securities Regulatory Commission for its stock issuance to specific investors [1][7] - The issuance involves a total fundraising amount not exceeding 708.96 million yuan, with a share price set at 5.88 yuan per share [3][5] - The issuance process has been verified for compliance with relevant laws and regulations, ensuring fairness and transparency [19][20] Group 1: Issuance Details - The type of shares issued is domestic listed ordinary shares (A shares) with a par value of 1.00 yuan, listed on the Shenzhen Stock Exchange [2] - The pricing benchmark date is set as the first day of the issuance period, with the issuance price determined at 5.88 yuan per share, which is 113.51% of the base price [3][4] - The total number of shares to be issued is 120,571,428, with the total fundraising amount reaching 708,959,996.64 yuan [5][11] Group 2: Compliance and Approval - The issuance has undergone thorough scrutiny by the lead underwriters, CITIC Securities and Changjiang Securities, ensuring compliance with the Company Law and Securities Law [2][19] - The decision-making process for the issuance has been approved by the company's board and shareholders, fulfilling all necessary procedural requirements [6][8] - The lead underwriters confirmed that the issuance process, including pricing and allocation, adhered to the established guidelines and regulations [19][20] Group 3: Investor Participation - A total of 17 specific investors participated in the issuance, all of whom subscribed with cash and signed share subscription agreements [5][6] - The major shareholders, Hubei Shuanghuan Chemical Group Co., Ltd. and Changjiang Industrial Investment Group Co., Ltd., committed to subscribe for 60 million yuan and 140 million yuan respectively [4][5] - The subscription funds for all participating investors were verified to be sourced from their own or legally raised funds, ensuring compliance with regulatory requirements [20]