Changzhou Tiansheng New Materials Co.Ltd(300169) (300169. SZ) issued the plan for issuing shares to specific objects in 2022 (Revised Draft) on February 21. The announcement shows that the object of this issuance of the company is Jucheng intelligence, which fully subscribes for the shares issued this time in cash, and this issuance constitutes a related party transaction. The issuing price of the shares issued to specific objects this time is 5.56 yuan / share, and the total amount of funds raised is no more than 530 million yuan (including this amount). After deducting the issuance expenses, all of them will be used to supplement working capital.
Changzhou Tiansheng New Materials Co.Ltd(300169) is committed to the research, development, production and sales of polymer foam materials, and is in the leading position in the application of soft foam materials, structural foam materials and the post-processing products of the above materials, and further expands the market development and application of transportation supporting products. At present, the company’s complete processing business division has 100000 and 10000 purification centers, and the polymer materials processed products produced are mainly matched by well-known brands such as home appliances, communications, it and automobiles at home and abroad. The Strucell foam products developed by the company have successfully entered the fields of wind power generation, rail transit, RV camping vehicles, shipbuilding, energy efficient buildings and so on.
The plan shows that Jucheng intelligent did not hold shares of the company before issuing the plan announcement to specific objects this time. After the issuance, Jucheng intelligent holds 95323700 shares of the company, accounting for 22.63% of the share capital of the company after the issuance. Jucheng machinery is entrusted to exercise 25423066 shares of the listed company held by Wu Haizhou, accounting for 6.03% of the share capital of the company after the issuance. Jucheng intelligent and Jucheng machinery jointly control 120746766 shares of the listed company, accounting for 28.66% of the share capital of the company after the issuance. After the issuance, Jucheng intelligent will become the controlling shareholder of the company and Huang Daping will become the actual controller of the company. This issuance to specific objects will lead to changes in the company’s control.
According to the plan, Jucheng intelligent was registered and established on February 11, 2022, and its business scope is mechanical equipment research and development; Sales of mechanical equipment; Engaging in investment activities with its own funds; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion. As of the announcement date of this plan, Jucheng intelligent has not actually carried out business. The executive partner of Jucheng intelligent is Jucheng machinery, and its actual controller is Huang Daping.
Changzhou Tiansheng New Materials Co.Ltd(300169) said that all the funds raised from the issuance of shares to specific objects will be used to supplement working capital after deducting the issuance expenses. The use of the raised funds will help the company enhance its capital strength, enrich its working capital, solve the demand for funds in the process of continuous business expansion, boost the development of the company’s core business and the improvement of its core competitiveness, and be conducive to the long-term operation and development of the company. After the completion of this offering, the company will still have a relatively perfect corporate governance structure, maintain the integrity of personnel, assets, finance, R & D, procurement, production, sales and other aspects, and maintain the independence of personnel, assets, finance, business and other aspects with the company’s related parties.
