Pengxin Mining(SH:600490) Zheng Quan Zhi Xing·2025-08-29 16:51Core Points - The report provides an overview of the fundraising activities and the management of funds by Pengxin Global Resources Co., Ltd for the first half of 2025, highlighting the total amount raised and its utilization [1][2][3] - The company raised a total of RMB 599,999,989.16 through a non-public offering of shares and cash payments for asset acquisition, with the funds fully verified and accounted for [1][3][4] - As of June 30, 2025, the company utilized RMB 395,382.33 of the raised funds, with a cumulative usage of RMB 599,866,089.35, and reported a balance of RMB 0.00 in the special account for raised funds [1][6][7] Fundraising Overview - The actual amount raised was RMB 599,999,989.16, with the funds being used to acquire 100% of Ningbo Tianhong Yihua Trading Co., Ltd, which indirectly controls the core asset of CAPM, the South African Onyx Gold Mine mining rights [1][3] - The funds were raised through the issuance of 220,265,693 shares at a price of RMB 5.59 per share, with the issuance completed and verified by the accounting firm [1][4] Fund Utilization and Management - From January to June 2025, the company generated interest income of RMB 290,656.71 from the bank deposits of the raised funds, while no income was generated from idle funds invested in financial products [1][6] - The company has established a dedicated management system for the raised funds, ensuring compliance with regulatory requirements and proper usage through a three-party supervision agreement with financial institutions [1][3][4] - As of June 30, 2025, the company reported that all special accounts for the raised funds had been closed, with no remaining balances [6][7] Changes in Fund Management - The company has made adjustments to its fundraising accounts, including the establishment of new special accounts and the closure of previous ones, ensuring that the funds are used exclusively for their intended purposes [4][5] - A total of RMB 3,114.91 million of surplus funds from completed projects was permanently supplemented into the company's working capital for daily operations [5][7] Financial Management Practices - The company has not utilized any idle raised funds for temporary working capital as of June 30, 2025, maintaining a focus on ensuring that all funds are allocated to their designated projects [7][9] - The company has implemented cash management practices for idle funds, allowing for investment in safe, liquid financial products, although no such investments were made in the first half of 2025 [8][9]