Core Viewpoint - The company Huayuan Communication has announced a private placement plan to end its "no owner" status, but the stock price fell to the limit down at 13.69 yuan per share upon resumption of trading, indicating investor concerns [1]. Group 1: Private Placement Details - The company plans to issue up to 53.65 million shares to Hefei Dingyun Technology Industry Development Partnership (Limited Partnership), controlled by Chairman Li Hongxing, raising a total of no more than 610 million yuan, with net proceeds intended for working capital [3]. - After the issuance, Dingyun Industry and its concerted parties will hold a total of 80.923 million shares, accounting for 32.75% of the company's total share capital post-issuance [3]. Group 2: Change in Control - The controlling shareholder will change from having no controlling shareholder to Dingyun Industry, with the actual controller changing from none to Li Hongxing [4]. - As of January 2024, the company will transition from having the largest shareholder Huifu Qiji to a state of no controlling shareholder due to the judicial auction of 3 million shares (1.55% of total shares) [4]. Group 3: Company Background and Financial Performance - Dingyun Industry, controlled by Chairman Li Hongxing, is a related party and has not yet commenced actual business operations [5]. - Huayuan Communication's main business includes electric power cables and online monitoring of power systems. In the first three quarters of this year, the company achieved total revenue of 361 million yuan, a year-on-year increase of 30.37%, and a net profit attributable to shareholders of 14.76 million yuan, marking a turnaround from losses [6].