Dashengda planea invertir 550 millones en Xintong Semiconductor, alcanzando el límite de subida anticipadamente; en el mercado A se recaudan en total 1,56 mil millones.

China Economic Net Beijing, March 19 — Dashengda (603687.SH) hit the daily limit up today, closing at 12.17 yuan, up 10.04%. Yesterday, the stock closed at 11.06 yuan, up 10.05%.

Last night, Dashengda announced its plan to purchase assets and jointly invest with related parties. The company intends to invest a total of 550 million RMB through equity transfer and capital increase to acquire a 22.9831% stake in Xin Tong Semiconductor Technology (Xiamen) Co., Ltd. (hereinafter “Xin Tong Semiconductor” or “Target Company”) after the transaction. Specifically, it plans to acquire 2.7074% of Xin Tong Semiconductor’s pre-capital increase equity from Dingsheng Private Equity Fund Partnership (Limited Partnership) for 27.86 million RMB, 1.5961% from Qiming Equity Investment Partnership (Limited Partnership) for 22.14 million RMB, and to increase capital in Xin Tong Semiconductor with 500 million RMB.

The capital increase will be completed in two phases: the first phase involves a capital increase of 250 million RMB upon meeting the conditions of the agreement; the second phase will occur after the successful tape-out of the third-generation graphics processor and will also involve a 250 million RMB increase. Additionally, the company’s controlling shareholder, Hangzhou Xinshengda Investment Co., Ltd. (hereinafter “Xinshengda”), plans to invest 50 million RMB in Xin Tong Semiconductor at the same terms and price, acquiring a 1.9608% stake after the transaction.

In 2024 and 2025, Xin Tong Semiconductor’s revenue is projected to be 50.785 million RMB and 27.457 million RMB, respectively; net profit is expected to be -48.996 million RMB and -106.611 million RMB.

On July 26, 2019, Dashengda was listed on the Shanghai Stock Exchange, issuing 50 million shares at 7.35 yuan per share. The sponsor (lead underwriter) was Dongxing Securities Co., Ltd., represented by Jin Guobiao and Jiang Wen. The total fundraising amount was 367.5 million RMB, with net proceeds of 325.95 million RMB after issuance costs. The prospectus disclosed on June 24, 2019, states that the funds will be used for a 300 million cubic meter/year paper packaging production project and a 150 million cubic meter/year green, environmentally friendly, intelligent high-end packaging box upgrade project.

The total issuance expenses amounted to 41.55 million RMB, with Dongxing Securities earning 21.37 million RMB in sponsorship and underwriting fees.

On April 29, 2024, the company disclosed a special report on the deposit and actual use of the 2023 annual fundraising funds.

Dashengda also issued bonds in 2020. According to the China Securities Regulatory Commission’s approval document [2020]924, the company issued 5.5 million convertible bonds at 100 RMB each, totaling 550 million RMB, through a combined method of priority allotment to existing shareholders and online subscription, with the lead underwriter being Dongxing Securities. As of July 7, 2020, the bonds were fully issued, raising 550 million RMB. After deducting underwriting and sponsorship fees of approximately 9.43 million RMB, net proceeds amounted to about 540.57 million RMB, which were transferred to the company’s account at Industrial and Commercial Bank of China, Zhejiang Xiaoshan Branch. The actual net fundraising amount was approximately 536.79 million RMB after deducting other issuance costs.

In 2023, Dashengda issued ordinary shares to specific investors. Approved by the China Securities Regulatory Commission (CSRC) [2023]1455, the company conducted a targeted issuance of shares, with the final offering price set at 8.50 RMB per share. As of August 3, 2023, the company issued 76,164,705 shares, raising approximately 647.40 million RMB. After deducting underwriting fees of about 6.80 million RMB and other related costs, the net proceeds were approximately 639 million RMB, with the capital increased by 76.16 million RMB and additional paid-in capital of 562.83 million RMB.

Dashengda has raised a total of approximately 1,564.9 million RMB through three rounds of fundraising.

(责任编辑：田云绯)