Xinxing Tools' IPO on March 31st Approaching, Plans to Raise 560 Million Yuan

LightningPacketLoss · 2026-03-27T08:27:07+00:00

Zhejiang Xinxing Tools Co., Ltd. will be listed on the exchange on March 31, aiming for an IPO on the ChiNext Board, with a planned fundraising of 560 million yuan to build a digital factory for CNC tool fixtures. The company specializes in the research, production, and sales of hole processing tools.

LightningPacketLoss

2026-03-27 08:27:07

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Beijing Business News (Reporter Ma Huanhuan, Li Jiaxue) On the evening of March 24, the Shenzhen Stock Exchange’s official website showed that Zhejiang Xinxing Tool Co., Ltd. (hereinafter referred to as “Xinxing Tool”) will present its IPO on the Growth Enterprise Market for review on March 31.

It is reported that Xinxing Tool is a manufacturer of hole processing cutting tools, and since its establishment, it has consistently focused on the research, production, and sales of drilling tool products in the hole processing cutting tool sector. The company’s IPO was accepted on June 23, 2025, and entered the inquiry stage on July 9 of the same year.

In this push for listing, Xinxing Tool plans to raise 560 million yuan, which is intended to be invested in the construction project of a digital factory for precision CNC tool fixtures.

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