Home Business Announcement of Haitian Water Group Co., Ltd. on the Use of Part of Idle Raised Funds for Cash Management Expired Redemption and Continued Cash Management|Huatai Securities|Water|Earnings_Sina Technology_Sina.com

Announcement of Haitian Water Group Co., Ltd. on the Use of Part of Idle Raised Funds for Cash Management Expired Redemption and Continued Cash Management|Huatai Securities|Water|Earnings_Sina Technology_Sina.com

by admin


Original title: Haitian Water Group Co., Ltd. Announcement on the Use of Part of Idle Raised Funds for Cash Management, Redemption at Due Date and Continued Cash Management

Stock code: 603759 Stock abbreviation: Haitian shares Announcement number: 2021-076

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and bear individual and joint responsibility for the authenticity, accuracy and completeness of the content.

Important content reminder:

●Cash management trustee: Huatai Securities Co., Ltd.

●The name, amount and period of the cash management product:

(1) Huatai Securities Co., Ltd. Juyi No. 21174 (Silver Futures) income certificate; 30 million yuan; 105 days;

(2) Huatai Securities Co., Ltd. Juyi No. 21904 (China Securities 500) income certificate; 40 million yuan; 105 days;

(3) Huatai Securities Co., Ltd. Juyi No. 21905 (China Securities 500) income certificate; 30 million yuan; 105 days.

●The review procedures performed: Haitian Water Group Co., Ltd. (hereinafter referred to as the “Company” or “Haitian”) held the 21st meeting of the third board of directors on August 13, 2021, and reviewed and approved the “Regarding the Use of Partially Idle Proposal on Cash Management of Raised Funds”, agreeing that the company shall use no more than 100 million yuan (including the amount) of idle raised funds to purchase with high security and good liquidity under the premise of ensuring that the schedule of investment projects with raised funds and the safety of raised funds are not affected. , Wealth management products with capital protection agreement shall be valid within 12 months from the date of review and approval at the 21st meeting of the third board of directors of the company. For details, please refer to the “Announcement on Resolutions of the 21st Meeting of the Third Board of Directors of Haitian Co., Ltd.” (Announcement No.: 2021) disclosed by the company on the Shanghai Stock Exchange website (www.sse.com.cn) on August 16, 2021. -043), “Announcement of Haitian on the Use of Part of Idle Raised Funds for Cash Management” (Announcement No.: 2021-046).

See also  China State Construction (03311) rose nearly 5% to 6.14 yuan

1. The previous use of idle raised funds for cash management and redemption at maturity

The company purchased a total of 100 million yuan of wealth management products from Huatai Securities Co., Ltd. and CITIC Securities Co., Ltd. on August 17, 2021. For details, please refer to the company’s website on the Shanghai Stock Exchange on August 18, 2021 (www. .sse.com.cn) disclosed the “Announcement of Haitian on the Progress of Using Part of Idle Raised Funds for Cash Management” (Announcement No.: 2021-050). The above wealth management products have expired and redeemed on November 16, 2021. The details are as follows:

Unit: ten thousand yuan

2. Overview of this cash management

(1) Purpose of cash management

Since the raised funds will be put into use gradually in accordance with the raised funds investment plan, the company adheres to the principle of maximizing the interests of shareholders, in order to avoid idle raised funds, improve the efficiency of the use of raised funds, and obtain better investment returns.

(2) Source of funds

The company’s entrusted wealth management funds all come from idle raised funds.

(3) Basic situation of cash management products

(4) The company’s internal control over risks related to cash management

1. The products purchased by the company are investment products with high security, good liquidity, and capital protection agreement, and the risks are controllable. The company will follow the principle of prudence and invest in products issued by issuers with large scale, good reputation, and the ability to guarantee the safety of funds.

See also  Central Bank Report: Promoting the Internationalization of RMB Steadily and Cautiously, Coordinating Development and Security

2. The company’s financial department will strictly follow the internal control system to approve and implement cash management, analyze and track investment product investment and progress in a timely manner, strengthen risk control, and ensure capital security.

3. The company’s independent directors and board of supervisors have the right to supervise and inspect the use of funds, and can hire professional institutions to conduct audits when necessary.

4. The company will do a good job in the disclosure of relevant information in accordance with the relevant regulations of the Shanghai Stock Exchange.

3. The specific situation of this cash management

(1) Main terms of cash management product contract

1. Party A: Pujiang Dahai Water Services Co., Ltd.

Party B: Huatai Securities Co., Ltd.

2. Party A: Pujiang Dahai Water Services Co., Ltd.

Party B: Huatai Securities Co., Ltd.

3. Party A: Pujiang Dahai Water Services Co., Ltd.

Party B: Huatai Securities Co., Ltd.

(2) This cash management does not affect the normal investment of fundraising projects

The use of part of the temporarily idle raised funds for cash management meets the requirements of high security and good liquidity. There is no behavior to change the use of the raised funds in disguised form, and does not affect the normal progress of the raised investment projects.

(3) Risk control analysis

On the basis of ensuring the normal operation of fundraising projects and helping the company’s operating efficiency, the company’s cash management business has undergone deliberation and decision-making by the company’s board of directors, with strict process control and careful product selection.

Fourth, the situation of the cash management trustee

See also  Superlega on the Stock Exchange: Juventus' stock rises

Huatai Securities Co., Ltd. (stock code: 601688), the trustee of this entrusted wealth management, is a listed company on the Shanghai Stock Exchange, and has no associated relationship with the company, the company’s controlling shareholders, their concerted actors, and actual controllers.

5. Impact on the company

(1) The company’s financial indicators for the last year and period

Unit: ten thousand yuan

The total amount of cash management this time is RMB 100 million, accounting for 18.16% of the company’s most recent monetary capital. The funds used are idle raised funds, which will not affect the construction progress of the raised funds investment project and the use of raised funds, and there is no significant liability The situation of purchasing large-value wealth management products at the same time as debts.

(2) In accordance with relevant accounting standards, the company included the purchase of wealth management products in the “transactional financial assets” in the balance sheet, interest income in the “investment income” in the income statement, and changes in fair value in the income statement. Gains from changes in fair value”.

Six, risk warning

The wealth management products purchased by the company this time are low-risk products with guaranteed capital and floating returns, but the financial market is greatly affected by the macro economy. It is not ruled out that the investment is subject to market risks, policy risks, liquidity risks, force majeure risks and other risk factors Thereby affecting the expected return.

7. As of the date of this announcement, the company’s use of raised funds for cash management in the last twelve months

Unit: ten thousand yuan

Special announcement.

Haitian Water Group Co., Ltd.

Board of Directors

November 18, 2021


.

0 comment
0

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy