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

K-LinePoet · 2026-03-18T00:50:33+00:00

Cangzhou Pearl announces plan to issue A-shares to Guangzhou Light Industry, raising no more than 1.4 billion yuan, all to be used for supplementing working capital. The issuance will not exceed 351 million shares at a price of 3.99 yuan/share, with lock-up period of 18 months for the issued shares.

K-LinePoet

2026-03-18 00:50:33

Abstract generation in progress

Cangzhou Mingzhu announces its plan to issue A-shares to Guangzhou Light Industry, raising a total of no more than 1.4 billion RMB (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 not exceeding 30% of the company’s total share capital before this issuance. The issuance price is 3.99 RMB 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 benchmark 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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