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2 billion yuan! Is this company so compelling?
On December 2nd, Guangdong Dehao Runda Electric Co., Ltd. (stock code: 002005) released an announcement titled "Announcement on the Use of Raised Funds to Increase Capital of Subsidiaries." The company issued five non-public shares to five specific investors, raising a total of 368,320,000 A-shares at a price of 5.43 yuan per share, amounting to approximately 1.9999776 billion yuan. After deducting issuance costs of 30,877,753.96 yuan, the net proceeds reached 1.969099846 billion yuan.
According to the announcement, the total funds raised through this private placement will not exceed 2 billion yuan, including the issuance fees. The net proceeds will be allocated toward two key projects: the LED flip chip project and the LED chip-level packaging project. Specifically, 75% of the funds—around 1.4768248845 billion yuan—will go to the LED flip chip project, while 25%—approximately 492,274,961.51 yuan—will be used for the LED chip-level packaging project. These funds will be injected into three semiconductor subsidiaries and Dalian Dehao Optoelectronics through capital increases.
Dehao Runda emphasized that this capital injection is aimed at improving the efficiency of fund usage, ensuring smooth implementation of the investment projects, and strengthening the financial position of the subsidiaries. This move is expected to enhance the company’s overall financial structure, reduce financial expenses, and ultimately boost its competitiveness and profitability, aligning with the interests of both shareholders and the company as a whole.
In addition to the capital increase, Dehao Runda also announced the transfer of equity from one wholly-owned subsidiary to another. On the same day, the company released an announcement titled "Announcement on Transferring the Equity of a Wholly-Owned Subsidiary to Another Fully-Funded Subsidiary." It stated that it plans to transfer 100% of the equity in Dehao Runda International (Hong Kong) Co., Ltd. to Zhuhai Dehao Runda Electric Co., Ltd., another wholly-owned subsidiary.
The equity transfer was conducted at par value, based on the net asset value per share of Hong Kong Dehao International as of September 30, 2017. The transfer price amounted to 200,074,400 yuan. After the transfer, Hong Kong Dehao International will remain a subsidiary of the company but will be indirectly held through Zhuhai Dehao Runda.
Dehao Runda explained that this move is intended to streamline the export business of small household appliances, optimize internal resource allocation, and improve corporate governance. The company clarified that the transaction will not result in any changes to the consolidated financial statements, nor will it negatively impact the company's financial condition or operating results. It also stated that the transfer will not harm the interests of the company or its shareholders.