Responsibility, honesty, hard work and innovation

Baoxin technology plans to raise no more than 490 million yuan, and the new controlling shareholder will subscribe in full

Shortly after taking the controlling stake at the end of last year, the new controlling shareholder of Baoxin Technology (002514) threw out the overweight plan.

On the evening of January 27, Baoxin technology put forward the non-public offering plan for 2021. The company plans to issue shares to Jiangsu jiedeng, the controlling shareholder, and raise no more than 491 million yuan to supplement the company's working capital and repay interest bearing liabilities. After the completion of this non-public offering, the proportion of shares held by Jiangsu jiedeng has increased, which is conducive to the stability of the company's control.

In the secondary market, since January this year, the share price of Baoxin technology has declined significantly, which may be related to the company's performance. This evening, Baoxin technology released its performance in 2020: it is expected that the net profit attributable to the parent company in 2020 will be 198-396 million yuan, with a profit of 66.2974 million yuan in the same period of last year.

Controlling shareholders

Specifically, the number of shares in this non-public offering does not exceed 166 million shares (including this number), and the raised funds do not exceed 491 million yuan. After deducting the issuance expenses, it will be used to supplement the company's working capital and repay interest bearing liabilities.

In terms of issue price, the issue price is 2.96 yuan / share, which is no less than 80% of the average trading price of the company's shares in the 20 trading days before the pricing benchmark date. As of the latest closing on the 27th, Baoxin technology closed at 3.41 yuan per share. If calculated based on this, the subscriber's floating profit is about 15%.

Before this non-public offering, Jiangsu jiedeng directly held 5% of the shares of Baoxin technology, and accepted the entrustment of 18.24% of the voting rights of Chen Dong and Wang Min, who acted in concert, and controlled 23.24% of the voting rights of the listed company in total. Jiang