隆平高科子公司拟增资扩股引入战略投资者

Core Viewpoint - Longping High-Tech (隆平高科) has announced the acquisition of a 10% stake in Beijing Lianchuang Seed Industry Co., Ltd. (联创种业) from seven individual shareholders, resulting in Lianchuang becoming a wholly-owned subsidiary, which is expected to enhance governance and accelerate the development of its corn seed business [1][5] Group 1 - The acquisition will change Longping's ownership in Lianchuang from 90% to 100%, and it will not affect the scope of the company's consolidated financial statements [1] - Lianchuang is a key player in the corn seed sector, and the exit of individual shareholders is seen as beneficial for optimizing governance and invigorating the new management team [1][5] - Lianchuang is in the process of attracting strategic investors with strong brand reputation and financial capabilities, which will support its sustainable development [1][5] Group 2 - Lianchuang plans to raise capital by introducing four strategic investors, including China CITIC Financial Asset Management Co., Ltd. and others, with total investments amounting to 7.2 billion yuan, resulting in a change in registered capital from 106 million yuan to 118 million yuan [2][3] - After the capital increase, Longping's stake in Lianchuang will be diluted to 89.94%, while Lianchuang remains a controlled subsidiary [3] - The strategic investors are all state-owned entities with expertise in the seed industry, which is expected to enhance Lianchuang's decision-making and capital strength [5] Group 3 - Lianchuang has been recognized as a high-tech enterprise and a leading company in the seed industry, with a strong track record in corn seed promotion and profitability [4] - The strategic partnership formed in 2018 between Longping and Lianchuang has positioned Longping as a leader in the global seed industry, ranking eighth worldwide and first in China [4] - The current transaction is anticipated to lower Longping's overall asset-liability ratio and strengthen Lianchuang's innovation capabilities [5]