China Economic Net, Beijing, June 8. Yaguang Technology (300123.SZ) recently released the announcement on the "Proposal for Issuance of Stocks to Specific Objects".As of today's close, Yaguang Technology reported 6.07 yuan, an increase of 0.33%.
The target of the issue of shares to specific objects is the company's controlling shareholder, Hunan Sunbird Holdings Co., Ltd.The issuing object subscribes for the shares issued to the specific object in cash.Sunbird Holdings is the controlling shareholder of the company, so this issue of shares to specific objects constitutes a connected transaction.Sunbird Holdings promises that the source of funds to participate in this subscription is its own funds or self-raised funds; there is no external raising, holding on behalf of others, structured arrangements, or direct and indirect use of funds from listed companies and their related parties for this subscription. There is no situation in which the listed company directly or through its stakeholders provides financial assistance, compensation, promised income or other agreements to the company
The issue price is 4.56 yuan per share, and the issue price is not lower than the average stock trading price of the 20 trading days before the pricing benchmark date (average stock trading price of the 20 trading days prior to the pricing benchmark = total stock trading volume of the 20 trading days prior to the pricing benchmark / 80% of the total stock trading volume in the 20 trading days before the pricing reference date).
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 total number of shares issued to specific objects does not exceed 148 million shares (including this number), which does not exceed the number of shares issued this time. 30% of the total share capital of the former listed company, the total amount of funds raised by issuing stocks to specific objects does not exceed 673 million yuan (inclusive), and after deducting the issuance costs, it is planned to be used for the construction project of the Microelectronics Research Institute and to supplement working capital and repay bank loans.
Among them, the total investment of the construction project of the Microelectronics Research Institute is 155 million yuan, and the raised funds are planned to use 150 million yuan. The construction period is 1 year.The main body of the project is Yaguang Technology. The implementation site is located in Lugu Science and Technology Park, High-tech Zone, Changsha City. Hunan Sunbird Satellite Technology Co., Ltd., a wholly-owned subsidiary of the company, has the 3rd and 4th floors of the original R&D workshop. The renovation, with a total construction area of 5,220 square meters, mainly includes the adaptive transformation and decoration of the research institute offices, laboratories and other functional areas, as well as the adaptive transformation of power supporting facilities.The project is a research and development center project, does not involve production capacity building, and does not directly generate economic benefits.
According to the calculation of the upper limit of the number of shares issued to specific objects of 148 million shares, after the completion of this issuance, regardless of other factors, Li Yuexian directly and indirectly controls a total of 346 million shares of the company, accounting for the total share capital of the company after this issuance. 29.98% is still the actual controller of the company, so this issuance will not lead to changes in the company's control.
Yaguang Technology said that through this issuance, it can enhance its capital strength and reduce the company's financial risks; improve the research and development environment, enhance technology research and development capabilities; and maintain the stability of the company's control rights.
