Yonghui Supermarket (601933.SH) plans to raise capital of no more than 3.992 billion yuan and will upgrade 298 stores to the “Fat Donglai Model”

According to Zhitong Finance App News, Yonghui Supermarket (601933.SH) disclosed plans to issue A-shares to specific targets in 2025. The company plans to issue shares to no more than 35 specific investors. The issue price is not lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing benchmark date, and not less than the amount of net assets per share attributable to common shareholders of the parent company as audited in the latest installment; the number of shares issued does not exceed 30% of the total share capital of the company before issuance.

The total amount of capital raised by issuing shares to specific targets does not exceed 3992 billion yuan (including capital). The total amount of capital raised this time after deducting issuance fees will be used for store upgrading projects, logistics and warehousing upgrading projects, supplementary working capital, or bank loan repayment.

According to the project, the store upgrade project is expected to use the raised capital of 3.213 billion yuan, with a total investment of 5.597 billion yuan. The company plans to implement the “Fat Donglai Model” reform and upgrade 298 stores to enhance the market image and service quality of the stores by improving the market operating environment and software and hardware facilities, enhance consumer comfort and experience, and carry out series reforms in various aspects such as product structure, shopping experience, organizational structure and remuneration to enhance comprehensive market competitiveness and profitability.