Zhong Guo Jing Ji Wang·2026-01-27 07:43Core Viewpoint - Huaguang New Materials (688379.SH) has received approval from the Shanghai Stock Exchange for a simplified procedure to issue shares to specific investors, aiming to raise a total of 199 million yuan for the second phase of its Thailand welding materials production base project [1][2]. Summary by Sections Share Issuance Details - The total amount to be raised through the share issuance is 199 million yuan, which will be fully allocated to the Thailand Huaguang welding materials production base project (Phase II) [1][2]. - The type of shares to be issued is domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan per share, and the shares will be listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange [2][3]. Financial Aspects - The total investment for the Thailand project is 249.3 million yuan, with the planned use of raised funds being 199 million yuan [2]. - The issuance price is set at 40.67 yuan per share, which is not less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [3]. Shareholder Structure - The issuance will not change the control of the company, as the controlling shareholder, Jin Limei, holds 36.54% of the shares directly and controls an additional 10.38% through other entities, totaling 46.92% [4]. - The number of shares to be issued is 4,893,041, which does not exceed 30% of the total share capital before the issuance [3][4]. Underwriting and Regulatory Compliance - The lead underwriter for this issuance is China Galaxy Securities Co., Ltd., with representatives Yao Zhaowu and Li Qiang overseeing the process [4].