Ligao Foods (SZ:300973) Zhong Guo Jing Ji Wang·2025-11-12 06:58Core Viewpoint - The company, Lihigh Food, has completed a share reduction plan by its shareholders, Lihigh Xing and Lihigh Chuang, resulting in a total reduction of 4,109,700 shares, which accounts for 2.43% of the company's total share capital [2][3]. Share Reduction Plan - The share reduction plan was announced on August 6, 2025, with a timeframe for execution from September 1, 2025, to November 10, 2025 [1][2]. - Lihigh Xing planned to reduce up to 2,326,800 shares (1.40% of total share capital), while Lihigh Chuang aimed to reduce up to 1,783,900 shares (1.07% of total share capital) [1]. Reduction Details - The total shares reduced by Lihigh Xing were 2,326,753, accounting for 1.37% of total share capital, and Lihigh Chuang reduced 1,782,947 shares, accounting for 1.05% [2]. - The total cash generated from the share reduction was approximately 177 million yuan [3]. Share Reduction Methodology - The reduction was executed through both centralized bidding and block trading methods, with specific price ranges for each method [4][5]. - Lihigh Xing's share reduction included 943,153 shares through centralized bidding and 1,383,600 shares through block trading, while Lihigh Chuang reduced 722,147 shares through centralized bidding and 1,060,800 shares through block trading [4][5]. Fundraising and Financials - Lihigh Food raised a total of 1.197 billion yuan from its initial public offering, with a net amount of 1.106 billion yuan after deducting issuance costs [6]. - The company had planned to raise 1.288 billion yuan for various projects, but the final net amount was 182 million yuan less than the original plan [6]. - The company also issued convertible bonds, raising a total of 950 million yuan, with a net amount of approximately 938 million yuan after expenses [7][8].