Daqian Ecology has received the China Securities Regulatory Commission's registration approval for its private placement of A-shares to specific investors. The subscriber is the company's current controlling shareholder, Suzhou Quaternary Investment Development Company, which will purchase all shares in cash at a price of 25.46 yuan per share. The number of shares to be issued will not exceed 28.1753 million, with total proceeds not exceeding 717 million yuan. After deducting issuance expenses, the net proceeds will be used entirely to supplement working capital. The company stated that ecological garden engineering projects require upfront capital before payment is received, leading to tight operating cash flow. Meanwhile, the pet services and sales business it is actively developing in 2025 also requires significant capital investment. This fundraising will effectively improve the company's financial position and optimize its capital structure. After the issuance, the controlling shareholder's stake will increase further, which is conducive to maintaining control stability, and will not result in a change of controlling shareholder or actual controller.
Daqian Ecology & Landscape Co LtdPrivate placement approved, controlling shareholder subscribing in cash, proceeds to improve financial position and capital structure.
Controlling shareholder will increase stake via full subscription of private placement, consolidating control.