SDRB(SZ:000498) Zhong Zheng Wang·2025-09-30 06:17Core Viewpoint - Shandong Highway (600350) Road and Bridge Group Co., Ltd. successfully completed a public capital increase project, raising 4 billion RMB to repay existing debts, which will alleviate the company's financial burden and support future business development [1][2][3] Group 1: Capital Increase Details - The capital increase attracted five financial institutions, raising a total of 4 billion RMB, all of which will be used to repay existing bank debts or loans [1][2] - The new registered capital after the increase will be 8.747 billion RMB, with Shandong Highway's shareholding adjusted to 68.706%, maintaining control [2] - The capital increase price was set at 1.46121 RMB per share, based on an assessed value of 8.782 billion RMB for all shareholder equity [1][2] Group 2: Investor Background - The five investors are strong financial institutions, including Industrial Investment, Galaxy Asset, and others, which are fully owned by major banks [2] - These investors are not listed as dishonest executors and have no conflicts of interest with Shandong Highway or its controlling shareholders, ensuring fairness and compliance in the capital increase [2] Group 3: Strategic Significance - The capital increase will effectively lower the company's debt levels and optimize its capital structure, improving financial leverage ratios [3] - The move aligns with the high funding demands in the infrastructure sector, providing necessary support for business expansion and enhancing overall competitiveness [3]