Wanwei High-tech: Plans to issue stocks to specific targets to raise no more than 3 billion yuan

2026-03-11 13:05:16

Wanwei High-Tech announces that in 2026, it plans to issue A-shares to specific investors with a total fundraising amount of no more than 3 billion yuan. After deducting issuance costs, the net proceeds will be fully used for the 200,000 tons/year ethylene-based functional polyvinyl alcohol (PVA) resin project and the 30 million square meters/year high-generation panel PVA optical film project. The target for issuance is Wanwei Group, with an issue price of 6.42 yuan per share, and the number of shares to be issued will not exceed 467 million. This issuance is subject to approval by the state-owned enterprise Wanwei Group, approval by the company’s shareholders’ meeting, review and approval by the Shanghai Stock Exchange, and registration with the China Securities Regulatory Commission.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.