ZSIG(SH:600313) Zhong Guo Jing Ji Wang·2025-11-26 02:41Core Viewpoint - The company, Nongfa Seed Industry, has received approval from the Shanghai Stock Exchange for its application to issue A-shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1][2]. Fundraising Details - The total amount expected to be raised from the issuance is up to 406.961078 million yuan, which will be used to repay state funds and supplement working capital [2][3]. - The specific allocation of the raised funds includes 288.56 million yuan for repaying state funds and 118.401078 million yuan for supplementing working capital [2]. Issuance Structure - The issuance will involve 79,175,306 shares, not exceeding 30% of the company's total share capital prior to the issuance [3]. - The issuance price is set at 5.14 yuan per share, which is at least 80% of the average trading price over the 20 trading days prior to the pricing date [2][3]. Shareholder Information - The shares will be subscribed by the actual controller, China Agricultural Development Group, and its subsidiary, Huanong Assets, with subscription amounts of 306.961078 million yuan and 100 million yuan, respectively [2][4]. - The shares subscribed by these entities will be subject to a 36-month lock-up period [3]. Regulatory and Advisory Information - The issuance is being sponsored by Huatai United Securities Co., Ltd., with designated representatives for the sponsorship [5].