MGI(SH:688114) Shang Hai Zheng Quan Bao·2025-09-11 18:36Fundraising Overview - The company, Shenzhen BGI Intelligent Manufacturing Technology Co., Ltd., has successfully completed an initial public offering (IPO) of 41,319,475 shares at a price of RMB 87.18 per share, raising a total of RMB 3,602,231,830.50, with a net amount of RMB 3,284,554,442.02 after deducting issuance costs [2][3] Fund Management Agreements - The company has established a special account for fundraising and signed a four-party supervision agreement with Wuhan BGI Intelligent Manufacturing Co., Ltd., China Merchants Bank Wuhan Branch, and CITIC Securities Co., Ltd. to regulate the management of the raised funds [3][4] - The special account is designated solely for the storage and use of funds related to the BGI Intelligent Manufacturing R&D Center project, with a current balance of RMB 0 as of August 4, 2025 [4][5] Cash Management - The company has also set up a cash management special settlement account, allowing for the investment of temporarily idle funds in high-security, liquid deposit products or principal-protected products, with a maximum of RMB 20 billion in idle self-owned funds and RMB 17 billion in idle raised funds [10][12] - The cash management account is strictly for the BGI Intelligent Manufacturing and R&D Base project, ensuring that no non-raised funds are stored or used for other purposes [12][17] Regulatory Compliance - The agreements stipulate that the company must comply with relevant laws and regulations, and the appointed sponsor must conduct ongoing supervision of the management and use of the raised funds [14][19] - The sponsor has the right to conduct on-site investigations and inquiries to ensure compliance with the management protocols [19][20] Reporting and Accountability - The bank is required to provide monthly account statements to the sponsor, and any withdrawals exceeding RMB 50 million or 20% of the net amount raised must be reported within five working days [20][25] - The agreements include provisions for dispute resolution through negotiation or arbitration in Shenzhen, ensuring that all parties are held accountable for compliance [22][32]