Today, the share price of Jucan Optoelectronics (300708.SZ) fell by the limit. As of the closing price, the share price was 12.02 yuan, a decrease of 3.06%.
On June 22, Jucan Optoelectronics disclosed the GEM plan to issue A shares to specific objects. Jucan Optoelectronics intends to raise a total of no more than 1.2 billion yuan in the issuance of A shares to specific objects, which will be used for Mini/Micro LED chip research and development and manufacturing expansion projects after deducting the issuance costs.
The Mini/MicroLED chip R&D and manufacturing expansion project is located in the existing factory of Jucan Optoelectronics Technology (Suqian) Co., Ltd., Suqian Economic and Technological Development Zone, Jiangsu Province. The main body of the project is the company's holding subsidiary Jucan Optoelectronics Technology (Suqian) Co., Ltd. The project will be implemented by increasing capital to Jucan Optoelectronics Technology (Suqian) Co., Ltd. The project construction period is 24 months. As of the date of the announcement of the plan, the project has not yet started construction. The total planned investment amount of the project is 1.55 billion yuan, and the amount of raised funds to be invested in the project is 1.2 billion yuan, all of which will be used for fixed asset investment. The after-tax internal rate of return of the project is 12.95%, and the after-tax investment payback period (including the construction period) is 6.37 years, with good economic benefits. The project has completed the project filing and obtained the EIA approval.
The types of shares to be issued to specific objects are domestically listed RMB ordinary shares (A shares), with a par value of RMB 1.00 per share. The issuance adopts the method of issuing shares to specific objects, and will be implemented within 12 months after the China Securities Regulatory Commission agrees to register.
The targets for the issuance of A-shares to specific objects are securities investment fund management companies, securities companies, trust investment companies, finance companies, insurance institutional investors, qualified foreign institutional investors and those compliant with the regulations of the CSRC. There are no more than 35 specific investors such as other specified institutional investors, natural persons or other qualified investors. The final issuer is authorized by the general meeting of shareholders to authorize the board of directors to apply for the issuance of A shares to specific objects, which has been reviewed and approved by the Shenzhen Stock Exchange, and approved by the China Securities Regulatory Commission. All relevant regulations are negotiated. As of the date of the announcement of the preplan, the specific target of the issuance has not yet been determined. Whether there is a connected transaction caused by the subscription of the company's A shares to specific targets by related parties, the "Issuance Report" will be announced after the end of the issuance. disclosed in.
The pricing base date for the issuance of A shares to specific objects is the first day of the issuance period. The issue price shall not be lower than 80% of the average trading price of the company's stock in the 20 trading days prior to the pricing benchmark date. The final issue price is authorized by the general meeting of shareholders and approved by the Shenzhen Stock Exchange. After the application for this issue has been approved by the Shenzhen Stock Exchange, and the registration has been approved by the China Securities Regulatory Commission, the company will bid with the sponsor (lead underwriter) in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange. The result is negotiated.
The number of A-shares issued to specific objects this time does not exceed 163 million shares, which does not exceed 30% of the total share capital of the listed company before this issuance. The final number of A-shares issued is based on the total amount of funds raised in this issuance divided by the final inquiry price. Sure.
The shares subscribed by the target of the issuance of A shares to the specific target shall not be listed for trading within 6 months from the date of the end of the issuance (that is, from the date when the shares issued to the specific target are registered in their names). After the expiration of the lock-up period, the shares issued to specific objects will be listed and traded on the Shenzhen Stock Exchange's Growth Enterprise Market.
The company's rollover profits before the completion of the issuance of A shares to specific objects will be shared by the new and old shareholders after the completion of this issuance.
As of the date of the announcement of the plan, Mr. Pan Huarong holds 23.73% of the company's shares and is the company's controlling shareholder and actual controller. The number of A-shares issued to specific objects this time does not exceed 163 million shares, which does not exceed 30% of the total share capital of the listed company before this issuance. The final number of A-shares issued is based on the total amount of funds raised in this issuance divided by the final inquiry price. Sure. Based on the upper limit of the number of issuances, Mr. Pan Huarong holds 18.26% of the company's shares after the completion of the issuance, and is the single largest shareholder of the company, and is still the company's controlling shareholder and actual controller. Therefore, this issuance will not lead to a change in the actual control of the company.
The issuance of A shares to specific objects has been reviewed and approved at the tenth meeting of the third board of directors of the company. The issuance of A shares to specific objects still needs to be considered and approved by the company's general meeting of shareholders. The issuance of A shares to specific objects still needs to be approved by the Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission for registration. After obtaining the approval of the China Securities Regulatory Commission for registration, the company will apply to the Shenzhen Stock Exchange and the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. for stock issuance and listing, and complete all the application and approval procedures for the issuance of A shares to specific objects.
