Dunhuang Seed Industry plans to increase by 1.5.8 billion shares, Shounong shares will become the controlling shareholder

Dunhuang Seed Industry plans to increase by 1.5.8 billion shares, Shounong shares will become the controlling shareholder
On the evening of April 15th, Gansu Dunhuang Seed Industry Group Co., Ltd. (stock abbreviation “* ST Dunzhong”) issued a plan for non-public issuance of A shares.The price of 92 yuan / share is issued to Beijing Shounong Co., Ltd. (hereinafter referred to as “Shounong”) for no more than 1.5.8 billion shares.After this issuance, Shounong will become the largest shareholder of Dunhuang Seed Industry, and Beijing SASAC will become the actual controller.Public information shows that Dunhuang Seed Industry is mainly engaged in the research and development and sales of various types of crop seeds, and the production and sales of dehydrated vegetables, tomato powder, hops products, and high-quality fruits and vegetables. It was listed on the Shanghai Stock Exchange on January 15, 2004.Its largest shareholder is the Jiuquan District Modern Agriculture (Holding Group) Co., Ltd., and the other actual controller is the Jiuquan State-owned Assets Supervision and Administration Commission.Founded in 1994, Shounong shares mainly include the breeding of poultry and other animals, the purchase and sale of poultry, etc. The controlling shareholder of Shounong is Beijing Shounong Food Group Co., Ltd., and the actual controller is the Beijing SASAC.According to the plan for the non-public issuance of A shares, Dunhuang Seed Industry intends to issue no more than 1 to the shares of Shounong.5.8 billion (inclusive) shares, no more than 30% of the company’s total share capital before the issuance, and the size of the funds raised does not exceed about 4.6.2 billion US dollars (inclusive), the issue price of non-public shares is 2.92 yuan / share.After this issuance, the controlling shareholder and actual controller of Dunhuang Seed Industry will change, Shounong will become the largest shareholder, the controlling shareholder, and the Beijing State-owned Assets Supervision and Administration Commission will become the actual controller and the former controlling shareholder of Jiuquan Modern AgricultureHolding group) limited liability company’s shareholding ratio reset 12.92% dropped to 9.94%, will not cause the company’s equity distribution does not meet the listing conditions.Dunhuang Seed Industry stocks will resume trading on April 16.Sauna, Ye Wang Ouyang Xiaojuan Editor Li Yan proofreads Wei Zhuo