Jiang tungsten Equipment: The company plans to issue A-shares to specific targets in 2026

K-LinePoet · 2026-03-11T01:34:12+00:00

Jiang tungsten equipment plans to issue A-shares to specific investors, raising no more than 1.882 billion yuan, to acquire equity in multiple companies, thereby improving the industrial chain and enhancing the company's competitiveness.

K-LinePoet

2026-03-11 01:34:12

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Jiang Tung Equipment Announcement: The company is planning to issue A-shares to specific investors in 2026. To improve the company’s industrial chain, enhance core competitiveness, strengthen asset quality and profitability, and maximize shareholder value, the company intends to issue A-shares to no more than 35 qualified investors, including the company’s controlling shareholder Jiang Tung Holdings. The total number of shares issued in this round will not exceed 30% of the company’s total share capital before the issuance, or 297 million shares. The total funds raised (including issuance costs) will not exceed 1.882 billion yuan. After deducting issuance expenses, the funds will be used to acquire 100% equity stakes in Jiangxi Jiang Tung Hard Alloy Co., Ltd., Ganzhou Huamao Tungsten Materials Co., Ltd., and Jiujiang Nonferrous Metal Smelting Co., Ltd.

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