龙佰集团：子公司增资20亿元引入七大战略投资者

Core Viewpoint - Longbai Group's subsidiary, Baili Lian New Materials, plans to raise 2 billion yuan through equity expansion by introducing seven strategic investors to enhance its capital strength and optimize its financial structure in the chlorination titanium dioxide industry [1][2]. Group 1: Investment and Financial Structure - The total investment scale of 2 billion yuan aims to strengthen the subsidiary's capital and improve its financial structure [1]. - The audited owner's equity of Baili Lian New Materials as of June 30, 2025, was 4.127 billion yuan, with a third-party valuation of its equity at 4.370 billion yuan [1]. - The funds raised will primarily be used to repay bank loans, effectively reducing financial leverage [1]. Group 2: Strategic Investors - The strategic investors include several well-known financial institutions and investment funds, with CITIC Financial Asset Management holding 10.99% post-investment, making it the largest investor [2]. - Other investors include Jiao Yin Financial Asset Investment Co., Ltd. (6.28%) and Xing Yin Financial Asset Investment Co., Ltd. (3.61%) among others [2]. - After the capital increase, the registered capital of Baili Lian New Materials will rise from 1.7 billion yuan to 2.478 billion yuan, with Longbai Group retaining 68.6% ownership [2]. Group 3: Future Operations and Governance - The investment agreement stipulates that Baili Lian New Materials will set reasonable performance expectations based on actual operations, with annual shareholder meetings starting in 2026 to review profit distribution [2]. - The agreement includes exit arrangements allowing Longbai Group or designated third parties to acquire the investors' shares within five years post-closing, ensuring investment security [2]. - Longbai Group believes that the introduction of strategic investors aligns with national policy and will enhance the subsidiary's market competitiveness, ultimately creating greater value for the company and its shareholders [3].