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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, totaling 368,320,000 shares of RMB common stock (A-shares) at a price of 5.43 yuan per share, raising a total of 1,999,977,600.00 yuan. After deducting issuance expenses of 30,877,753.96 yuan, the net proceeds amounted to 1,969,099,846.04 yuan.
According to the announcement, the total funds raised through this non-public offering were capped at 200 million yuan, including issuance fees. The net proceeds will be allocated to two key projects: the LED flip chip project and the LED chip-level packaging project. Specifically, 75% of the funds—approximately 1,476,824,884.53 yuan—will be directed toward the LED flip chip project, while the remaining 25%, or about 492,274,961.51 yuan, will go to the LED chip-level packaging project. These funds will be used to increase capital in three semiconductor companies, including Dalian Dehao Optoelectronics.
Dehao Runda emphasized that the capital increase is designed to improve the efficiency of fund utilization and ensure the smooth implementation of the investment projects. It also aims to strengthen the financial position of Sanken Semiconductor and Dalian Dehao Optoelectronics, enhance the company's overall financial structure, reduce financial costs, and ultimately boost competitiveness and profitability. This aligns with the company’s long-term strategic goals and benefits both shareholders and the company as a whole.
In addition, on the same day, Dehao Runda announced another significant move: transferring the equity of its wholly-owned subsidiary, Dehao Runda International (Hong Kong) Co., Ltd., to another wholly-owned subsidiary, Zhuhai Dehao Runda Electric Co., Ltd. The transfer was conducted at par value, based on the net assets per share of Hong Kong Dehao International as of September 30, 2017. The transfer price was set at 200,074,400 yuan.
After the transaction, Hong Kong Dehao International will no longer be directly held by the parent company but will instead become an indirectly owned subsidiary. This restructuring is aimed at streamlining the export operations of small household appliances, optimizing internal resource allocation, and improving corporate governance. The company stated that this move will not affect the scope of consolidated financial statements or the company’s financial performance, and it will not harm the interests of shareholders or the company itself.
Overall, these actions reflect Dehao Runda’s continued focus on strategic growth, efficient capital management, and operational optimization. As the company moves forward, it remains committed to enhancing shareholder value and maintaining a strong competitive edge in the market.