Glonghui on December 19|Longgao Co., Ltd. (605086.SH) announced that Shenglong Mining Group's capital increase and stock expansion project will be listed at the Luoyang Public Resources Exchange Center from November 8 to December 6, 2023. The proposed financing amount is not more than 800 million yuan for the construction of its key projects, supplementary working capital, and repayment of bank loans.
Recently, the company received notice of the pre-transaction results of Shenglong Mining Group's capital increase and stock expansion project, confirming that “Longyan Kaolin Co., Ltd.”, “Jianxin Financial Asset Investment Co., Ltd.”, “Zhongyuan Qianhai Equity Investment Fund (Limited Partnership)”, “Baowu Green Carbon Private Equity Fund (Shanghai) Partnership (Limited Partnership)”, and “Luoyang State-owned State-owned Assets Management Co., Ltd.” are investors in Shenglong Mining Group's capital increase and stock expansion project, with a total proposed capital amount of 680 million yuan.
The share subscription price for Shenglong Mining Group's current capital increase and expansion project is RMB 3.05 per share (based on Shenglong Mining Group's asset assessment price), and the company will use its own capital of RMB 50 million to subscribe for the additional shares of 16.393.442 million shares. After the capital increase is completed, the company will hold 1.0113% of Shenglong Mining Group's shares.