To reduce the scale of fundraising for Huafang Shares for Baoding

Guide (Reporter Han Zuyi) Huafang Shares (600448) announced on the evening of the 10th that it will take into account the company's strategic planning, the progress of investment projects and the recent changes in the domestic A-share market to ensure the non-public offering of the company. The stock work went smoothly and met the demand for raised funds. The number of issued shares, the total amount of funds raised and the use in this non-public offering of A shares were adjusted.

Previously, the number of non-public offerings of Huafang Co., Ltd. was not more than 155 million shares (including the number). After adjustment, the number of non-public offerings will be reduced to no more than 104 million shares (including this number). Among them, Binzhou State-owned Assets Co., Ltd. subscribed for the shares issued this time with a cash of 60 million yuan. The specific issue quantity will be determined by the company's board of directors in accordance with the authorization of the general meeting of shareholders and the lead underwriters. If the company issues ex-dividend or ex-dividend issues such as equity distribution, public reserve conversion to share capital or share allotment during the period from the pricing base date to the issue date, the maximum number of shares issued for this non-public offering will be adjusted accordingly. If the total number of shares issued in this non-public offering is reduced due to regulatory policy changes or in accordance with the requirements of the issuance approval document, the number of shares subscribed by the issuer shall be reduced accordingly.

In the use of fund-raising funds, before the adjustment, the total amount of funds to be raised is not more than 900 million yuan, of which 150 million yuan is used for the intelligent R&D center project of the textile industry chain, and 700 million yuan is used for the annual production of 50 million meters in Vietnam. The clothing fabric (dyeing and finishing) project, 50 million yuan is used to supplement working capital. After the adjustment, the total amount of funds to be raised will be reduced to no more than 606 million yuan, of which 132 million yuan will be used for the textile industry chain intelligent R&D center project, and 474 million yuan for the annual production of 50 million meters of high-grade Apparel Fabrics (dyeing and finishing) in Vietnam. .

At the same time, Huafang said that after the funds raised in this position, the company will adjust and finalize the priority of the use of raised funds according to the actual implementation of the approval, approval, filing or implementation progress of the above-mentioned raised funds investment projects and the priority of funds.

[Shandong Financial Network Statement]: All the works of this website are marked as “Source: Economic Reporter·Shandong Financial Network”, and the copyright belongs to Economic Report. Shandong Finance Network. Economic Reporter·Shandong Financial Network and the author of the work jointly declare that any organization reprints, extracts or uses other methods to use the above works, please indicate the source and author, offenders! . All the works on this website that indicate the source of the non-economical report · Shandong Finance Network are reprinted from other media. The purpose of reprinting is to transmit information and better serve the readers. It does not mean that this website agrees with its views. This website does not regard its authenticity. Responsible, dissidents should claim rights with the original source. If the copyright unit or individual of the manuscript does not want to post it on this website, you can contact this website. This website can be removed immediately. If you need to contact the website due to the content, copyright and other issues of the work, please do so within 30 days.

Apparel Fabrics

Shaoxing Jinshengtai Textile Co. Ltd , https://www.sxheptex.com