Guangdong Rifeng Electric Cable (002953.SZ) published the proposed issue of shares to specific targets in 2024, with the number of shares not exceeding 34,175,334 shares, which is not more than 30% of the total share capital before this issue. The price of the shares in this issue is 6.73 yuan per share, which is not lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing date.
The recipients of the shares issued to specific targets this time are the company's controlling shareholder and actual controller, Feng Jiujing, who subscribes to all the shares issued this time in cash. The issuance of shares to specific targets constitutes a related party transaction.
The total amount of funds raised by issuing shares to specific targets this time does not exceed 0.23 billion yuan (including this amount), and will be used for replenishing working capital and repaying bank loans after deducting related issuance expenses based on the registration approval document issued by the China Securities Regulatory Commission for this issuance.
