Recently, Hyde Control issued an announcement on requesting the general meeting of shareholders to authorize the Board of directors to issue shares to specific objects in a simple procedure, that is, it intends to put forward a new fixed increase plan.

At present, Haide Control has not officially released the new fixed increase plan, nor has it disclosed the investment direction in detail.

Haide Control’s main business covers industrial electrical automation business, industrial information business, new energy business and other three sectors, is the concept of industrial robot leading stock.

P92-P9220436070H Before preparing for a new round of financing, Hyde Control had thrown out a fixed increase plan in 2023. After a year or so, the above financing finally failed to land successfully.

As of the close of trading on June 5, Hyde’s share price was 9.38 yuan, with a total market value of 3.301 billion yuan.

Twists and turns: the last round of fixed increase plan was terminated

On March 28 last year, Hyd Control disclosed a major asset restructuring plan to purchase 75% of Shanghai Xingzhida Automation Technology Co., LTD. (referred to as “Xingzhida”) by issuing shares and paying cash. At the same time, it is proposed to raise matching funds (private placement) by issuing shares to no more than 35 qualified specific objects.

On June 8 last year, Haide Control disclosed the proposed amount of additional funding, that is, no more than 697 million yuan. According to the announcement, about 337.5 million yuan is intended to be used to pay the cash consideration of the transaction, and the proportion of the amount used is 48.42% of the total amount of the raised matching funds. About 319.5 million yuan is intended to be used to supplement the working capital of listed companies, with the use amount accounting for 45.84%.

It can be seen from the data that nearly half of the proposed additional capital raised in this transaction is used for trading. In addition, more than 40% of the raised funds were used to meet Hyder Control’s capital needs.

P92-P9220436070H In late June last year and mid-August last year, Hyde Control successively received merger and acquisition and reorganization inquiry letters, audit inquiry letters, regulators on the financial pressure, performance commitment, whether it is conducive to enhancing the ability of listed companies to continue to operate a number of questions.

By April 27 this year, Haide Control issued an announcement to terminate the material asset restructuring matters, the reason is that the comprehensive impact of recent market environment changes and other factors, the parties to the transaction believe that at this stage to continue to promote the material asset restructuring matters of greater uncertainty. At the same time, the fixed increase matching with the major asset restructuring has also ended.

On May 21 this year, at the 2023 annual online performance presentation and the investor presentation on the termination of major asset restructuring matters, Hyde Control replied to investor questions and said that it would promote industrial mergers and acquisitions of high-quality targets with synergies with the company at the right time.

It is worth noting that less than 2 months after the termination of the last round of fixed increase plan, Haide Control has the idea of a new round of financing.