Core Viewpoint - Wanchen Group (300972.SZ) announced the completion of a share reduction plan by its shareholder, Zhangzhou Jinwanchen Investment Co., Ltd., which has led to a change in the equity structure of the controlling shareholder [1] Shareholder Reduction Plans - Zhangzhou Jinwanchen planned to reduce its holdings by up to 1,799,897 shares (0.9594% of total shares) within three months starting from July 4, 2025 [1] - The actual reduction from September 8 to October 27, 2025, amounted to 1,578,751 shares (0.8415%) at an average price of 175.55 CNY per share, totaling 277 million CNY [1] - Vice General Manager and CFO Cai Dongna also completed a share reduction of 27,500 shares (0.0147%) on October 24, 2025, at an average price of 174.68 CNY per share, totaling approximately 480,370 CNY [2] Shareholding Structure Changes - Following the reduction, the total share capital increased from 187,615,062 shares to 188,891,422 shares due to the vesting of restricted stock [1] - The cumulative shareholding of the controlling shareholder, Fujian Huanxi Grass Agricultural Development Co., Ltd., and its concerted actors, including Zhangzhou Jinwanchen, changed by 1% [1] Fundraising and Financials - Wanchen Group raised a total of 275.92 million CNY, with a net amount of 228.60 million CNY, which was less than the originally planned 600 million CNY for various production projects [4] - The total issuance costs were 47.31 million CNY, with 32 million CNY paid to Minsheng Securities for underwriting and sponsorship [5] - The company also planned to raise 200 million CNY in a specific issuance, with 193.60 million CNY net after costs [5][6] Future Plans - Wanchen Group is planning to list on the Hong Kong Stock Exchange to enhance its international strategy and brand recognition, considering the interests of existing shareholders [7]
万辰集团实控人方50天套现2.8亿 A股共募4.8亿拟发H股