China Economic Net, Beijing, June 23. Baose Co., Ltd. (300402.SZ) disclosed last night its plan to issue stocks to specific objects in 2022.As of today's close, Baose shares reported 20.49 yuan, an increase of 2.81%.
The total amount of funds raised by Baose Co., Ltd. to issue stocks to specific objects this time does not exceed RMB 720 million (including this amount). After deducting the issuance expenses, it is planned to invest all of it in the intelligent manufacturing project of high-end special materials and equipment, the construction project of the Engineering Technology Research Institute, ships and Offshore engineering equipment manufacturing quality improvement and capacity expansion projects, replenishment of working capital and repayment of debts.
The high-end special material equipment intelligent manufacturing project plans to invest 346.2709 million yuan, and the project construction period is 1 year.After the project is completed and put into production, it will form a production scale with an annual output of 21,000 tons of high-end large-scale special materials and non-standard equipment.The total investment of the project is expected to be 346.2709 million yuan, and it is planned to use 284.000 million yuan of funds raised from this issuance.The project's after-tax project financial internal rate of return is 14.42%, and the project has good economic benefits.As of the date of issuance of the plan, the project approval, environmental impact assessment and other procedures are being processed.The main body of the project is the wholly-owned subsidiary established by the company in Nantong.
The construction project of the Engineering Technology Research Institute is planned to invest a total of 147.033 million yuan. It is planned to purchase an office building of about 5000m2 in the core area of Jiangning, Nanjing City for the construction of the company's engineering technology research institute. It will be equipped with advanced design software and inspection and testing equipment required for research and development. The research and development of high-end special material equipment products and key manufacturing technologies, the project construction period is 1 year.The total investment of the project is 147,033,000 yuan, and it is planned to use 144,000,000 yuan of funds raised from this issuance.The implementation of the project will not directly generate economic benefits, but it will enhance the company's independent innovation and research and development capabilities, enhance the core competitiveness of products, and bring indirect economic benefits to the company.As of the date of issuance of the plan, the project approval, environmental impact assessment and other procedures are being processed.The main body of the project is Baose Co., Ltd.
The planned total investment of the ship and marine engineering equipment manufacturing quality improvement and expansion project is 99.36 million yuan. It is planned to build a high-standard workshop with a total construction area of 10,095m2 on the company's existing land. The project construction period is one year.The estimated total investment of the project is 99.3566 million yuan, and it is planned to use 92.000 million yuan of funds raised from this issuance.The project's after-tax project financial internal rate of return is 14.73%, and the project has good economic benefits.As of the date of issuance of the plan, the project approval, environmental impact assessment and other procedures are being processed.The main body of the project is Baose Co., Ltd.
Baose intends to use the raised funds of 200 million yuan to supplement working capital and repay debts, provide financial support for the company's business development, reduce the level of asset-liability ratio, ease the pressure on working capital, optimize the asset structure, develop the company's core business, and realize the strategy The goal provides a strong guarantee.
After deducting the relevant issuance expenses, the funds raised by Baose Co., Ltd. will be used for the construction of the "Intelligent Manufacturing Project of High-end Special Materials and Equipment", "The Project of Quality Improvement and Capacity Expansion of Ship and Offshore Engineering Equipment Manufacturing", "Engineering Technology Research Institute Construction Project" and replenishment of working capital and repayment of debts.The implementation of the above projects will significantly enhance the company's main business, further expand the industrial scale, improve the industrial layout, enhance the company's profitability and ability to resist market risks, and at the same time effectively enhance the company's R&D strength and technical level, and enhance the company's core competition. To further consolidate and enhance the company's industry status, and promote the company's high-quality sustainable development.
The types of shares that Baose Co., Ltd. issued to specific objects this time are domestically listed RMB ordinary shares (A shares), with a par value of RMB 1 per share.The issuance is by way of issuing shares to specific objects, and the company will choose an appropriate time to implement it within the validity period of the approval document for the approval of registration from the China Securities Regulatory Commission.
The target of the issuance of stocks to specific targets is no more than 35 (including 35) specific investors who meet the conditions specified by the China Securities Regulatory Commission, including securities investment fund management companies, securities companies, trust companies, and financial companies that meet the specified conditions. , insurance institutional investors, qualified foreign institutional investors, and other legal persons, natural persons or other qualified investors in compliance with the regulations of the China Securities Regulatory Commission.All the issuers subscribe for the shares issued this time at the same price and in cash.
As of the date of issuance of the plan, the company has not yet determined the target of the issuance, so it is impossible to determine whether the target of the issuance is related to the company.Whether this issuance constitutes a connected transaction will be disclosed in the issuance report to be announced after the issuance.
The pricing base date of Baose's issuance to specific objects this time is the first day of the issuance period of the issuance of shares to specific objects.The issue price of this time to issue stocks to specific objects shall not be lower than 80% of the average trading price of the company's stocks in the 20 trading days before the pricing benchmark date, and shall not be lower than the audited attributable to the parent company at the end of the latest period before the issue. The price of net assets per share for common stockholders (i.e. the "Issuance Floor Price for this Offering").
The number of shares issued to specific objects this time is determined by dividing the total amount of funds raised by the issue price. At the same time, the number of shares issued to specific objects this time does not exceed 42,504,200 shares, which does not exceed 30% of the company's total share capital before the issuance.The final number of issuance will be determined by the board of directors of the company in consultation with the sponsor (lead underwriter) of the issuance according to the authorization of the company's general meeting of shareholders and the actual situation at the time of issuance after the issuance is approved by the China Securities Regulatory Commission.
The shares issued by Baose to specific objects shall not be transferred within six months from the date of the end of the issuance.Where laws, regulations and normative documents have other provisions on the restricted sales period, such provisions shall prevail.After the completion of the issuance of shares to specific objects, the new and old shareholders of the company will share the undistributed profits before the issuance of stocks to specific objects in accordance with the shareholding ratio after the completion of the issuance.The shares issued to specific objects are listed on the Shenzhen Stock Exchange.
The validity period of the resolution on the issue of shares to specific objects is 12 months from the date when the general meeting of shareholders of the listed company considers and approves the resolutions related to the issue of shares to specific objects.
As of the date when the plan was issued, Baoti Group held 116.2 million shares of the company, with a shareholding ratio of 57.52%, and was the controlling shareholder of the issuer.Shaanxi Nonferrous Metals directly and indirectly holds 100% equity of Baoti Group and is the actual controller of the company.Assuming that the calculation is based on the upper limit of the number of shares issued to specific objects this time, after the completion of this issuance, Baoti Group will hold 47.52% of the company's shares, still the company's controlling shareholder, and Shaanxi Nonferrous Metals will still be the company's actual controller.In conclusion, this issuance will not result in a change in the company's control.
The issuance plan of Baose shares has been held at the ninth meeting of the fifth board of directors of the company on June 22, 2022.The issuance of shares to specific objects still needs to be approved by the competent state-owned assets supervision and management agency and the company's shareholders' meeting, reviewed and approved by the Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission for registration.
