Huafa Industrial boosts project capital, replenishes working funds

Zhuhai Huafa Industrial Co., Ltd. announced a series of financial maneuvers involving its raised funds, as verified by Sinolink Securities Co., Ltd. The company will use raised funds totaling CNY 4,723,143,283.13 for capital injections and shareholder loans to three project companies: Shanghai Jingcheng Real Estate Development Co., Ltd. (CNY 2,800,000,000.00), Wuxi Huabo Real Estate Co., Ltd. (CNY 1,100,000,000.00), and Zhuhai Huafeng Real Estate Development Co., Ltd. (CNY 823,143,283.13). These funds are aimed at accelerating project development and enhancing financial stability.

Additionally, the company is utilizing raised funds to replace self-funded capital previously invested in projects and to cover issuance expenses. This replacement amounts to CNY 583,438,969.83, comprising CNY 576,709,611.46 for project investments and CNY 6,729,358.37 for issuance-related costs. This action was approved by the board on October 15, 2025, and aligns with regulatory guidelines.

Furthermore, Huafa Industrial plans to temporarily supplement its working capital with up to CNY 700,000,000.00 from idle raised funds for up to 12 months, subject to board approval on October 15, 2025. This move aims to improve capital efficiency without impacting project progress, following earlier similar initiatives in 2023 and 2024, which were fully repaid.