Dashengda prévoit un investissement de 550 millions pour Xincong Semiconductor, avec une hausse anticipée à la limite quotidienne ; levée de fonds totale de 1,56 milliard sur le marché A

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%.

Yesterday evening, 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 referred to as “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 Hainan Dingzheng Private Equity Fund Partnership (Limited Partnership) (hereinafter “Dingzheng Private Equity Fund”) for 27.86 million RMB, 1.5961% from Yangzhou Qiming Equity Investment Partnership (Limited Partnership) (“Qiming Equity Investment”) 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, contingent on the successful tape-out of the third-generation graphics processor and continued satisfaction of the first phase conditions, will also involve a 250 million RMB increase. Meanwhile, the company’s controlling shareholder, Hangzhou Xinshengda Investment Co., Ltd. (“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 operating revenues are projected to be 50.785 million RMB and 27.457 million RMB, respectively; net profits are 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, with Dongxing Securities Co., Ltd. as the sponsor (lead underwriter). The sponsors’ representatives were Jin Guobiao and Jiang Wen. The total fundraising amount was 367.5 million RMB, with net proceeds of 325.954 million RMB after issuance costs. The prospectus disclosed on June 24, 2019, stated that the funds would be used for a project producing 300 million paper packaging units annually and a high-end environmentally friendly smart packaging box upgrade project.

The total issuance expenses for Dashengda 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.

In 2020, Dashengda issued bonds to raise funds. Approved by the China Securities Regulatory Commission (CSRC) with document No. [2020]924, the company issued 5.5 million convertible bonds with a face value of 100 RMB each, totaling 550 million RMB, through a combined method of priority allotment to existing shareholders and online subscription at a fixed price, with Dongxing Securities as the lead underwriter.

By July 7, 2020, the company had actually issued all 5.5 million bonds, raising 550 million RMB. After deducting underwriting and sponsorship fees of approximately 9.43 million RMB (excluding tax), the net proceeds were about 540.57 million RMB. The funds were transferred to the company’s account at the Industrial and Commercial Bank of China, Zhejiang Xiaoshan Branch, account number 1202090129901169646. After deducting other issuance costs of approximately 3.78 million RMB (excluding tax), the actual net proceeds amounted to approximately 536.79 million RMB.

In 2023, Dashengda issued ordinary shares to specific investors. Approved by the CSRC with document No. [2023]1455, the company conducted a targeted issuance of A-shares, with Dongxing Securities as the lead underwriter. Based on subscription results, the final issuance price was 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 and sponsorship fees of about 6.80 million RMB and other related costs of approximately 1.60 million RMB, the net proceeds were about 639 million RMB. The increase in registered capital was 76,164,705 RMB, and the capital reserve (share premium) increased by 562.83 million RMB.

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

(责任编辑：田云绯)