---
title: "Introducing state-owned controlling shareholder, YAWEI plans to raise 934 million yuan through a private placement to Yangzhou Industrial Development Group"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225595491.md"
description: "YAWEI plans to raise 934 million yuan through a private placement to Yangzhou Chanfazhong Group, issuing 128 million A shares at a price of 7.28 yuan per share. The raised funds will be used for the construction of the second phase project of servo press and automated stamping line, to supplement working capital, and to repay bank loans. After this issuance, Yangzhou Chanfazhong Group will become the controlling shareholder of the company, and the Yangzhou State-owned Assets Supervision and Administration Commission will become the actual controller"
datetime: "2025-01-20T23:10:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225595491.md)
  - [en](https://longbridge.com/en/news/225595491.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225595491.md)
generator: "portal-rs"
---

# Introducing state-owned controlling shareholder, YAWEI plans to raise 934 million yuan through a private placement to Yangzhou Industrial Development Group

According to the Zhitong Finance APP, YAWEI (002559.SZ) disclosed a plan for the issuance of A-shares to specific targets for the year 2025. The issuance target is Yangzhou Industrial Investment Development Group Co., Ltd. ("Yangzhou Chanfazhong Group"), which intends to subscribe for all 128 million A-shares issued by the company with cash. The issuance price of the shares is set at 7.28 yuan per share, with a total fundraising amount of 934 million yuan, which, after deducting issuance costs, is intended for the construction of the second phase project of servo press and automated stamping line, as well as to supplement working capital and repay bank loans.

As of the announcement date of the plan, the company has no controlling shareholder or actual controller. Assuming that the total share capital of the company remains unchanged from the announcement date of the board resolution for this issuance to the issuance date, after the completion of this issuance, Yangzhou Chanfazhong Group will hold 128 million shares of the company through the subscription of shares issued to specific targets, accounting for 18.91% of the company's shares after the issuance is completed. In conjunction with the provisions of the "Cooperation Framework Agreement" regarding the re-election of the company's board of directors, Yangzhou Chanfazhong Group will become the controlling shareholder of the company, and the Yangzhou State-owned Assets Supervision and Administration Commission will become the actual controller of the company

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**