LAT(SZ:000697) Zheng Quan Shi Bao Wang·2025-09-10 15:02Core Viewpoint - ST炼石 has signed a pre-restructuring investment agreement with seven selected restructuring investors, which includes several state-owned enterprises and professional investment institutions, aimed at improving its financial structure and ensuring sustainable operations [1][2]. Group 1: Investment Agreement Details - The seven selected investors will subscribe to ST炼石's shares at different prices, with a commitment to a 24-month lock-up period at 5.65 CNY per share and a 12-month lock-up period at 6.73 CNY per share [1]. - The investment funds will primarily be used to pay restructuring costs, common debts, and settle creditors, with any remaining funds allocated for the company's operational development [1]. - The average subscription price for the investors is 6.19 CNY per share, which is 80.29% of the stock's average trading price of 7.71 CNY per share over the previous 120 trading days, exceeding the regulatory requirement of 50% [1]. Group 2: Restructuring Process - ST炼石 is currently in the pre-restructuring phase, and the effectiveness of the selected investors will continue until the restructuring process is completed [2]. - The company initiated the restructuring process in January and submitted the necessary documents to the court in May, with the pre-restructuring period extended until October 6, 2025 [2]. - The signing of the pre-restructuring investment agreement is expected to facilitate the restructuring process, improve the company's capital and financial structure, and ensure ongoing healthy operations without the investors gaining control of the company [2]. Group 3: Current Stock Price - The latest stock price of ST炼石 is 8.4 CNY per share [3].