Abstract: The board of directors of the company decided to increase the capital of the holding subsidiary Beijing Antai Steel Research Superhard Materials Co., Ltd. by 51.98 million yuan, of which Antai Technology increased capital by 49.831 million yuan. The source of funds is the company's own funds. Beijing Xingchang Hi-Tech Development Co., Ltd. The proportion increased by 2.599 million yuan. The capital increase is mainly used for capacity building of special diamond tools in new fields. The proposal does not need to be approved by the general meeting of shareholders and does not constitute a connected transaction.
Interpretation: The diamond tool industry is one of the company's important business areas. Currently, the market demand for new high-value-added new special diamond tools is strong, and the existing production capacity cannot meet market demand. The company increased its capital to the holding subsidiary Beijing Antai Steel Research Superhard Materials Co., Ltd. totaling 51.98 million yuan. The capital increase is mainly used for capacity building of special diamond tools in new fields. The implementation of the project will not have a significant impact on the business performance of Antai Technology in the short term. It is conducive to the company's follow-up projects, can pay attention to the progress of the project in the market, and form a long-term positive for the company.
Antai Technology: Announcement on the introduction of strategic investors by Heye Technology Co., Ltd., a controlled subsidiary of the company
Abstract: Hetai Technology Holdings Co., Ltd., a subsidiary of Antai Technology Co., Ltd., has issued a total of 4,800 yuan to the three strategic investors of Erasteel SAS, China Iron and Steel Technology Group Co., Ltd. and Sumitomo Corporation (China) Co., Ltd. at a price of 3.98 yuan per share. 10,000 shares, Antai Technology gave up the right to preferentially increase capital of Heye Technology. After the completion of this additional issuance, Antai Technology holds a proportion of 50.08% of Heye Technology.
Interpretation: The company's holding subsidiary (holding 59.64%)--Heye Technology Co., Ltd. in order to achieve faster international market expansion, enhance core technology strength, and maintain sustainable competitiveness in the next five years and longer, Heye Technology to Erasteel SAS, China Iron and Steel Technology Group Co., Ltd. and Sumitomo Corporation (China) Co., Ltd. three strategic investors will issue a total of 48 million shares at a price of 3.98 yuan per share, of which France's Erasteel Company subscribes for 30 million shares, and Steel Research Group subscribes for 1,000 shares. Ten thousand shares, Sumitomo Corporation subscribed for 8 million shares, and Antai Technology gave up the right to preferentially increase capital of Heye Technology. After the completion of this additional issuance, Antai Technology holds a proportion of 50.08% of Heye Technology.
After the completion of the capital increase of Heye Technology, although Antai Technology gave up the right to preferentially increase capital of Heye Technology, the proportion of Aetna Technology Holdings decreased from 59.64% to 50.08%, but it is still in a controlling position, and financial statements can still achieve consolidated statements. At the same time, the introduction of strategic investors will enhance the profitability of Heye Technology and increase the long-term equity investment income of Antai Technology. The waiver of this right will not have a significant impact on the financial status and operating results of Antai Technology in the short term.
Interpretation: The diamond tool industry is one of the company's important business areas. Currently, the market demand for new high-value-added new special diamond tools is strong, and the existing production capacity cannot meet market demand. The company increased its capital to the holding subsidiary Beijing Antai Steel Research Superhard Materials Co., Ltd. totaling 51.98 million yuan. The capital increase is mainly used for capacity building of special diamond tools in new fields. The implementation of the project will not have a significant impact on the business performance of Antai Technology in the short term. It is conducive to the company's follow-up projects, can pay attention to the progress of the project in the market, and form a long-term positive for the company.
Antai Technology: Announcement on the introduction of strategic investors by Heye Technology Co., Ltd., a controlled subsidiary of the company
Abstract: Hetai Technology Holdings Co., Ltd., a subsidiary of Antai Technology Co., Ltd., has issued a total of 4,800 yuan to the three strategic investors of Erasteel SAS, China Iron and Steel Technology Group Co., Ltd. and Sumitomo Corporation (China) Co., Ltd. at a price of 3.98 yuan per share. 10,000 shares, Antai Technology gave up the right to preferentially increase capital of Heye Technology. After the completion of this additional issuance, Antai Technology holds a proportion of 50.08% of Heye Technology.
Interpretation: The company's holding subsidiary (holding 59.64%)--Heye Technology Co., Ltd. in order to achieve faster international market expansion, enhance core technology strength, and maintain sustainable competitiveness in the next five years and longer, Heye Technology to Erasteel SAS, China Iron and Steel Technology Group Co., Ltd. and Sumitomo Corporation (China) Co., Ltd. three strategic investors will issue a total of 48 million shares at a price of 3.98 yuan per share, of which France's Erasteel Company subscribes for 30 million shares, and Steel Research Group subscribes for 1,000 shares. Ten thousand shares, Sumitomo Corporation subscribed for 8 million shares, and Antai Technology gave up the right to preferentially increase capital of Heye Technology. After the completion of this additional issuance, Antai Technology holds a proportion of 50.08% of Heye Technology.
After the completion of the capital increase of Heye Technology, although Antai Technology gave up the right to preferentially increase capital of Heye Technology, the proportion of Aetna Technology Holdings decreased from 59.64% to 50.08%, but it is still in a controlling position, and financial statements can still achieve consolidated statements. At the same time, the introduction of strategic investors will enhance the profitability of Heye Technology and increase the long-term equity investment income of Antai Technology. The waiver of this right will not have a significant impact on the financial status and operating results of Antai Technology in the short term.
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