Lianfeng Biochemical (002513.SZ) plans to raise no more than 300 million yuan through a private placement to repay loans from financial institutions.

Zhitong Finance APP News, Lanfeng Biochemical (002513.SZ) announced that the company plans to issue A-shares to specific targets, with the total amount of funds raised not exceeding 300 million yuan. After deducting issuance expenses, all funds will be used to repay loans from financial institutions. The targets of this specific issuance are Xuhe Capital and Anhui Ximing. The issuance targets will fully subscribe to the shares issued this time in cash. Xuhe Capital is the controlling shareholder of Anhui Ximing, and Zheng Xu is the actual controller. This specific issuance of shares constitutes a related-party transaction.