Less than one year after listing, the company changed the purpose of the raised funds and planned to use the funds to buy a house, Pansoft Company Limitid(300996) which received a letter of concern.
The company plans to raise more than RMB 9.3 million yuan for the construction of the company’s self raised capital and the use of services in the Central Plains region, which is called “the company’s self raised capital planning and the market expansion of more than RMB 7.3 million yuan for the company’s self raised capital” and “the company plans to raise more than RMB 7.3 million yuan for the Central Plains region”, The total purchase of office space in Beijing shall not exceed 128 million yuan.
The reporter of the daily economic news inquired about the industrial and commercial data and found that the registered capital of the real estate transferor is only 300000 yuan, with 2 insured persons. The establishment date is June 25, 2018. While Pansoft Company Limitid(300996) listed less than one year, it changed the investment direction of the initial raised funds. Therefore, Shenzhen Stock Exchange also paid attention to the rationality of the company’s change of the use direction of the raised funds.
wants to spend 100 million yuan on house purchase
Today (April 12), Pansoft Company Limitid(300996) announced that it had received a letter of concern from the Shenzhen Stock Exchange, mainly related to the use of raised funds.
According to the announcement of the company on changing some implementation contents of the investment projects with raised funds and using some over raised funds and self raised funds to purchase office buildings in Beijing, according to the strategic planning and business development needs of the company, the market layout planning of many regions in the “marketing and service network construction project” has been adjusted as the focus to strengthen the marketing and service capacity construction for the headquarters of central enterprises in Beijing, It is proposed to use 46 million yuan of funds raised by marketing and service network construction projects, 73 million yuan of over raised funds and 9.3 million yuan of self raised funds, with a total of no more than 128 million yuan to purchase office space in Beijing.
The construction area of the office space to be purchased this time is 210533 square meters, and the counterparty is Beijing Zhongsheng Hongyuan Technology Co., Ltd. According to the building area and the proposed investment amount, the house purchase price of Pansoft Company Limitid(300996) is 60800 yuan / m2. According to the map, the area is located in Tianheng building near Dongzhimen, which is in the core area of Beijing. The reporter inquired about the industrial and commercial data and found that the registered capital of the company is only 300000 yuan, with 2 insured persons. The establishment date is June 25, 2018.
The listed company said that the purchase of real estate meets the needs of the company’s strategic planning and business development. The optimization of office environment is conducive to the development of marketing activities.
However, with regard to the above matters, the Shenzhen Stock Exchange asked whether the property is a commercial property, Pansoft Company Limitid(300996) future use plan of the property and the proportion of the area used for daily production and operation; At the same time, the company is required to further quantify and analyze the fairness of the real estate transaction price in combination with the market data.
is it reasonable to change the fund-raising destination within one year after listing
Another focus of this matter is that the company changes the investment direction of raised funds in a short time.
Pansoft Company Limitid(300996) was listed on June 3, 2021, which means that the company changed the investment direction of the initial raised funds less than one year after listing. Shenzhen stock exchange is also concerned about the rationality of changing the use direction of raised funds.
According to Pansoft Company Limitid(300996) “prospectus”, one of the projects to be invested by the company’s raised investment funds includes “marketing and service network construction project”. The main contents include: upgrading the existing Bazhou, Chengdu and Shenzhen branches to enhance their market development, project delivery and technical service capabilities. At the same time, four regional companies were newly established to further improve the company’s market layout.
However, the proposed site rental fee of the project is 24.12 million yuan, but the actual investment is only 2.9104 million yuan, the proposed site decoration fee is 3.3 million yuan, the actual investment is 0 yuan, the proposed office equipment is 2.4 million yuan, the actual investment is only 817000 yuan, the proposed personnel expenditure is 21.14 million yuan, and the actual investment is only 109096 million yuan.
Shenzhen stock exchange requires the company to explain the progress of the “marketing and service network construction project” so far, the location of newly established regional companies, project investment, staffing of branches and business development. The reason why the actual use amount of the project is much lower than the data disclosed in the prospectus.
The Shenzhen Stock Exchange also requires the company to supplement the reasons for not investing in the site decoration fee when the site rental fee has been paid, and whether the actual business content of the project is quite different from that disclosed in the prospectus.
In addition, the company is required to explain whether the decision on the use of raised funds made by the company at the time of IPO is prudent and reasonable in combination with the above reply.
In the previous announcement, Pansoft Company Limitid(300996) has mentioned the reasons for the change of the purpose of the raised funds: the original promotion of regional companies and the change of the market layout planning of newly established regional companies focus on strengthening the marketing and service capacity-building for the headquarters of central enterprises in Beijing.
