Cangzhou Mingzhu: Plans to issue A-shares to Guangzhou Light Industry to raise no more than 1.4 billion yuan

NightAirdropper · 2026-03-05T15:43:47+00:00

Cangzhou Mingzhu announces that it will issue A-shares to Guangzhou Light Industry, raising no more than 1.4 billion yuan, with a maximum issuance of 351 million shares, accounting for 21.28% of the total share capital. The issue price is 3.99 yuan per share, and the shares cannot be transferred within 18 months after subscription.

NightAirdropper

2026-03-05 15:43:47

Abstract generation in progress

Beijing News Shell Finance reported that on March 3rd, Cangzhou Mingzhu announced plans to issue A-shares to Guangzhou Light Industry, raising a total of no more than RMB 1.4 billion (including this amount). After deducting related issuance expenses, all funds will be used to supplement working capital. The number of shares issued to specific targets will not exceed 351 million shares (including this amount), representing approximately 21.28% of the company’s total share capital before this issuance, and no more than 30% of the company’s total share capital before this issuance. The issuance price is RMB 3.99 per share, not less than 80% of the average trading price of the company’s stock over the 20 trading days prior to the pricing date. Shares subscribed by Guangzhou Light Industry in this issuance cannot be transferred within 18 months from the end of the issuance.

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