TIANSHENG(SZ:300169) Zhong Guo Jing Ji Wang·2026-01-16 08:28Core Viewpoint - Tian Sheng New Materials (300169.SZ) announced a plan to issue shares to specific investors, raising up to 253 million yuan, with proceeds aimed at repaying bank loans and/or supplementing working capital [1][5]. Group 1: Share Issuance Details - The share issuance price is set at 5.06 yuan per share, which is 80% of the average trading price of 6.31 yuan over the previous 20 trading days [2]. - The total number of shares to be issued is 50 million, not exceeding 30% of the total share capital prior to the issuance [2]. - The issuance will result in the investor, Rong Sheng Zhi Rui, holding 13.30% of Tian Sheng New Materials' shares post-issuance [2][3]. Group 2: Control and Ownership Changes - Prior to the issuance, Tian Sheng New Materials had no controlling shareholder or actual controller [3]. - After the issuance, Rong Sheng Zhi Rui and its concerted action partner, Rong Sheng Xin Tai, will collectively hold 18.75% of the shares, giving them significant influence over shareholder resolutions [3]. - The actual control of the company will shift to Wei Lidong, who holds 99% of the shares in Shang Rong Investment Holdings, the decision-making entity for Rong Sheng Zhi Rui and Rong Sheng Xin Tai [3]. Group 3: Recent Developments - The company suspended trading on January 9, 2026, due to a major matter involving its largest shareholder, Wu Haizhou, which could lead to a change in control [4]. - On January 14, 2026, Rong Sheng Xin Tai signed a share transfer agreement to acquire 20,489,484 shares from two individuals at a price of 6.39 yuan per share, which will increase its stake to 6.29% post-transfer [4]. - The stock resumed trading on January 16, 2026, following the announcement of the share issuance [5].