WANXIANG DONEED's controlling shareholder plans to increase its holdings in the company by 25 million to 50 million yuan
WANXIANG DONEED's controlling shareholder, WANXIANG SAN NONG, plans to increase its holdings in the company, with the amount to be increased between 25 million yuan and 50 million yuan, and the implementation period is 12 months. The increase will be conducted through centralized bidding on the Shanghai Stock Exchange, with funding sources including a special loan from China Construction Bank Hangzhou Branch and WANXIANG SAN NONG's own funds
According to the Zhitong Finance APP, Wanxiang Doneed (600371.SH) announced that its controlling shareholder Wanxiang SanNong intends to increase its shareholding in the company through the Shanghai Stock Exchange trading system via centralized bidding. The implementation period for this shareholding increase plan is 12 months from the date of the announcement, with no price range set for the increase, and the total amount of the increase will not be less than RMB 25 million and not exceed RMB 50 million.
China Construction Bank Corporation Hangzhou Branch (referred to as "CCB Hangzhou Branch") provides special loans to Wanxiang SanNong along with its own funds. According to the "Notice on the Establishment of Stock Repurchase and Increase Re-loan Matters" issued by the People's Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission, the company and its controlling shareholder Wanxiang SanNong meet the "basic conditions for major shareholders to increase their stock holdings." Recently, Wanxiang SanNong received a "Loan Commitment Letter" issued by CCB Hangzhou Branch, obtaining special loan support from CCB for the intended increase in company shares, with a maximum loan amount not exceeding RMB 45 million, and not exceeding 90% of the final amount of shares Wanxiang SanNong intends to increase. Apart from the above loans, the remaining funds for this A-share shareholding increase will be from Wanxiang SanNong's own funds
