NATIONSTAR plans to raise no more than 981 million yuan through a private placement for capacity construction, research and development investments, and other matters

According to the Zhitong Finance APP, NATIONSTAR (002449.SZ) has disclosed a plan for issuing A-shares to specific targets in 2025. The company intends to issue shares to no more than 35 specific targets, including its controlling shareholder Foshan Electrical and Lighting Co., Ltd. (referred to as "Foshan Lighting"), with a total number not exceeding 186 million shares (including this amount). The issuance price will not be less than 80% of the average price of the company's A-shares over the 20 trading days prior to the pricing benchmark date.

Foshan Lighting will not participate in the market bidding process but has committed to accept the market bidding results. If the issuance price cannot be determined through the aforementioned market inquiry method, Foshan Lighting will continue to subscribe for the company's shares at the issuance floor price, with a subscription amount of 116 million yuan. The issuance floor price is set at 80% of the average trading price of the A-shares over the 20 trading days prior to the pricing benchmark date.

It is reported that the total amount of funds raised from this issuance to specific targets will not exceed 981 million yuan (including this amount), and after deducting issuance costs, the funds will be used for the "Ultra HD Display Mini/Micro LED and Display Module Production Construction Project," "Optoelectronic Sensing and Intelligent Health Device Industrialization Construction Project," "Smart Home Display and Mini Backlight Module Construction Project," "Intelligent Vehicle-mounted Devices and Applications Construction Project," "NATIONSTAR R&D Laboratory Project," and to supplement working capital