Abstract After more than two months of suspension, Yu Diamond (300064) disclosed its non-public offering plan today. The company plans to issue no more than 550 million shares to five specific targets at a price of 8.71 yuan per share. The total amount of funds raised does not exceed 4.788 billion yuan. Increase the pre-...
After more than two months of suspension, Yu Diamond (300064) disclosed its non-public offering plan today. The company plans to issue no more than 550 million shares to five specific targets at a price of 8.71 yuan per share. The total amount of funds raised does not exceed 4.788 billion yuan. The plan for the increase of the increase shows that Guo Liuxi, chairman and actual controller of Yu Diamond, plans to invest 1 billion yuan to participate in the subscription of 115 million shares; 7 members of the board of directors including Zhao Qingguo, Dong Qi, Zhang Kai, and other members of the board of directors Zhengzhou Holly Enterprise Management Center (general partnership) plans to invest 288 million yuan to participate in the subscription of 33.07 million shares; Beijing Tianzheng Yuanyang Fund Management Center (Limited Partnership) and Beijing Sky Hongding Investment Center (Limited Partnership) invested 2 billion yuan and 10 respectively 100 million yuan participated in the subscription; natural person Zhu Dengying plans to invest 500 million yuan to subscribe for 57.41 million shares.
After the completion of the above non-public issuance, the total share capital of Yu Diamond will increase to 1.228 billion shares, the proportion of shares held by Henan Huajing will fall to 20%, and Guo Liuxi will hold 35.15% of the shares. The actual controller of the company is still Guo Liuxi. It is worth mentioning that Zhu Dengying is the actual controller of Henan Jinlifu Jewelry Co., Ltd., and also owns the equity of Beijing Zhongjin Gold Technology Development Co., Ltd.
According to the plan, Yu Diamond will invest 4.3 billion yuan to raise funds for the “annual production of 7 million carats of gem-quality diamonds†project, and the remaining 500 million yuan will be used to supplement the working capital. It is reported that the construction period of “7 million carats of gem-quality diamonds per year†is 4 years. After the project is put into production, the annual sales income of the normal years can reach 1.7 billion yuan. If calculated at the income tax rate of 15%, the annual average net profit after tax is 800 million yuan. Among them, the internal rate of return before the income tax of the project is 27%, the financial net present value is 2.7 billion yuan, and the investment recovery period (before income tax, including construction period) is 5.8 years.
In fact, in June this year, Yu Diamond just completed the previous round of fixed growth. At that time, Yu Diamond issued a total of 70.12 million shares to Guo Liuxi at a price of 5.82 yuan per share, raising a total net amount of 397 million yuan. Among them, the raised funds are used to invest in the construction of an annual output of 350 million meters of micro-diamond line expansion projects and supplementary liquidity. (Tang Qiang)
ZHEJIANG HESHUO TECHNOLOGY CO.,LTD , https://www.hosuocn.com