南华期货表示，本次减资将有助于优化公司资源配置，符合公司长远发展目标和股东利益，不会导致公 司合并报表范围发生变化，不会对公司的正常经营和财务状况产生重大影响。本次减资事项不构成关联 交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 来源：上海证券报·中国证券网 上证报中国证券网讯 8月9日，南华期货发布公告称，为进一步优化资本结构和资源配置，公司拟对全 资子公司浙江南华资本管理有限公司进行减资，注册资本由7亿元减少至6亿元。 公告显示，本次减资完成后，南华资本仍为公司全资子公司，股权结构保持不变。该事项符合公司整体 发展战略，有助于提升资本使用效率。公司将依法履行相关审批程序并及时披露进展。 公告提示，本次减资事项尚需办理工商变更登记等手续，具体实施金额及实施进度等情况存在一定的不 确定性。公司将加强对南华资本经营活动的管理，防范和控制风险，并密切关注相关事项进展情况。 （朱帆） 文：朱帆 ...

Group 1 - The company plans to raise a total of up to RMB 500 million through a specific stock issuance, which will be used entirely to repay interest-bearing debts after deducting issuance costs [1][2] - The company's debt-to-asset ratio is higher than the industry average, indicating a need for financial restructuring [1][2] - The issuance is expected to enhance the company's net assets and working capital, improve debt repayment capacity, and optimize the financial structure [2][4] Group 2 - The controlling shareholder, Shuifa Group, will subscribe to the shares in cash, reflecting confidence in the company's future development and long-term investment value [2][3] - The issuance complies with relevant laws and regulations, ensuring its feasibility [2][3] - Post-issuance, the company's total assets and net assets are expected to increase, providing strong financial support for future development [4]

Core Viewpoint - SF Holding Investment Limited and SF Holding Investment 2021 Limited announced a tender offer to repurchase up to $350 million of their outstanding bonds to optimize capital structure, reduce financing costs, and provide liquidity to bondholders [2][3]. Group 1: Bond Issuance Details - SF Holding Investment Limited issued $700 million bonds in February 2020 with a 10-year term and a coupon rate of 2.875% [1]. - SF Holding Investment 2021 Limited issued $500 million bonds in November 2021 and later increased it by $300 million in January 2022, both with a 10-year term and a coupon rate of 3.125% [1]. Group 2: Tender Offer and Repurchase - The tender offer includes a maximum acceptance scale of $350 million for both SF HLDG N3002 and SF HLDG N3111 bonds [2]. - As of May 30, 2025, bondholders submitted $101,371,000 of SF HLDG N3002 bonds (15.50% of the remaining balance) and $78,306,000 of SF HLDG N3111 bonds (10.88% of the remaining balance) for repurchase [3]. - The repurchase price for SF HLDG N3002 bonds is set at $943.50 per $1,000 of principal, with corresponding interest payments [3].