Bei Jing Shang Bao·2025-10-26 04:09Core Viewpoint - Longking Environmental (龙净环保) plans to raise up to 2 billion yuan through a private placement, with the funds aimed at enhancing liquidity and supporting its growth in the renewable energy sector [1] Group 1: Fundraising Details - The total amount to be raised is not more than 2 billion yuan, which will be used entirely to supplement working capital after deducting issuance costs [1] - The shares will be subscribed entirely by Zijin Mining (紫金矿业) in cash [1] Group 2: Shareholding Structure - Zijin Mining is the controlling shareholder of Longking Environmental, holding a total of 318 million shares, which accounts for 25% of the company's total share capital as of September 30, 2025 [1] Group 3: Strategic Objectives - The fundraising aims to support the national goal of accelerating economic and social development through a comprehensive green transition, focusing on expanding into the renewable energy industry to create a second growth curve [1] - It also aims to optimize the financial structure, enhance debt repayment capacity, and reduce financial burdens [1] - Additionally, the move is intended to strengthen the position of the controlling shareholder and support the development of the listed company [1]