FIBOCOM(SZ:300638) Zhong Guo Jing Ji Wang·2025-10-09 07:00Core Viewpoint - Guanghetong (300638) is in the process of applying for the issuance of overseas listed foreign shares (H shares) and listing on the Hong Kong Stock Exchange, with the listing hearing scheduled for September 25, 2025 [1] Group 1: H Share Issuance and Listing - The company is working on the application for issuing H shares and listing on the Hong Kong Stock Exchange [1] - The listing committee of the Hong Kong Stock Exchange reviewed the company's application but did not grant approval, indicating that further comments or conditions may be required [1] - Final approval from the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange is still pending, introducing uncertainty to the process [1] Group 2: Shareholding Changes - The controlling shareholder and chairman, Zhang Tianyu, saw his shareholding in Guanghetong decrease from 44.84% to 38.05% between December 16, 2019, and January 19, 2023, a total reduction of 6.79% [2] - Zhang Tianyu violated regulations by not halting trading when his shareholding changed by 5%, leading to regulatory actions from the Shenzhen Stock Exchange and the Shenzhen Securities Regulatory Bureau [2] Group 3: Fundraising Activities - In 2023, the company issued 7,884,972 A shares at a price of RMB 21.56 per share, raising a total of RMB 169,999,996.32, with a net amount of RMB 165,635,975.11 after deducting related expenses [3] - In 2019, the company conducted a private placement of 12,792,395 shares at RMB 54.72 per share, raising a total of RMB 69,999.99 million, with a net amount of RMB 69,393.20 million after expenses [4]