Zhong Guo Jing Ji Wang·2025-08-12 03:34Core Points - Qingda Environmental Protection (688501.SH) announced the receipt of the Shanghai Stock Exchange's review opinion regarding its application for a specific issuance of A-shares for the year 2024 [1] - The total amount of funds to be raised from this issuance will not exceed 150 million yuan, which will be used entirely to supplement working capital after deducting issuance costs [1] - The issuance is directed towards Wang Yong, the controlling shareholder and actual controller of Qingda Environmental Protection, constituting a related party transaction [1] Summary by Sections - Issuance Approval: The Shanghai Stock Exchange confirmed that Qingda Environmental Protection's application for a specific issuance of shares meets the issuance conditions, listing conditions, and information disclosure requirements [1] - Regulatory Approval: The issuance is subject to approval from the China Securities Regulatory Commission (CSRC), and there is uncertainty regarding the timing and outcome of this approval [1] - Pricing and Shares: The pricing benchmark date for the issuance is the date of the announcement of the third meeting of the fifth board of directors, with a price set at 10.29 yuan per share, not lower than 80% of the average trading price over the previous 20 trading days [2] - Share Quantity: The number of shares to be issued will not exceed 14.577259 million shares, which is less than 30% of the total share capital prior to the issuance [2] - Underwriter Information: The lead underwriter for this issuance is Minsheng Securities Co., Ltd., now known as Guolian Minsheng Securities Co., Ltd., with designated representatives for the underwriting process [2]