Zhito Finance APP reported that Shenzhen Kingkey Smart Agriculture Times (000048.SZ) has announced the plan for issuing A-shares to specific objects for the year 2024. The recipients of this issuance will include no more than 35 (inclusive) specific investors who meet the criteria set by the China Securities Regulatory Commission, including the controlling shareholder, Kingkey Group. The controlling shareholder intends to subscribe to the stocks at a minimum amount of no less than 30 million yuan (including this amount) and no more than 0.2 billion yuan (including this amount), while the number of stocks subscribed will not exceed 2% of the company's issued shares.

The issuance of stocks to specific objects will adopt a competitive bidding method, with the pricing benchmark date being the first day of the issuance period. The issuance price of the stocks will not be lower than 80% of the average trading price of the company's stocks over the 20 trading days prior to the pricing benchmark date. The total amount of funds raised will not exceed 1.93 billion yuan (inclusive), and the net amount after deducting issuance expenses is intended to be used for the integrated project of hog farming in Yunfu, the breeding base project for pig seedlings in Hezhou, and to supplement working capital.