Rendong Holdings (002647.SZ) restructuring plan draft released, proposing to increase capital by 570 million shares.

Rendong Holdings (002647.SZ) disclosed its restructuring plan (draft), during the implementation phase of the restructuring plan, based on the existing total share capital of Rendong Holdings of 559,936,650 shares, a capital reserve fund will be converted into shares at a ratio of 10.186063 shares for every 10 shares, with a total of 570,355,007 shares to be converted (the actual number of shares converted will be subject to the actual registration confirmation by the China Securities Depository and Clearing Corporation Shenzhen Branch). After this conversion, the total share capital of Rendong Holdings will increase to 1,130,291,657 shares. Out of the 570,355,007 shares to be converted, 452,555,669 shares will be conditionally acquired by the restructuring investors. Cash consideration paid by the restructuring investors as one of the conditions for acquiring the shares will be used to pay debts, bankruptcy costs, and supplement the company's working capital according to the provisions of the restructuring plan; 117,799,338 shares will be used to repay the debts of Rendong Holdings in the form of share collateral.