Tengya Precision (301125.SZ ) intends to raise no more than 120 million yuan through a simplified issuance to fund additional capital.

LootboxPhobia · 2026-03-22T09:08:56+00:00

Tengya Precision Manufacturing intends to issue shares to no more than 35 specific investors through a simplified procedure, raising no more than 120 million yuan to fund smart manufacturing projects in Vietnam and Anhui, as well as to supplement working capital. The issuance price will be at least 80% of the average trading price of A-shares, and the total number of shares issued will not exceed 30% of the total share capital.

LootboxPhobia

2026-03-22 09:08:56

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Tongtong Financial APP News, Tengya Precision Engineering (301125.SZ) announced a plan to issue shares to specific targets through a simplified procedure in 2025. The company plans to issue shares to no more than 35 (including this number) specific targets, with an issuance price not lower than 80% of the average trading price of the company’s A-shares during the 20 trading days before the pricing benchmark date. The number of shares will be determined by dividing the total amount of funds raised by the issuance price, and will not exceed 30% of the total share capital before this issuance.

The total amount of funds to be raised (including issuance costs) through this simplified issuance to specific targets will not exceed 120 million yuan (including this number). The net funds raised after deducting issuance costs will be used for Tengya Precision Engineering’s Vietnam power tool manufacturing project, Tengya Precision Engineering’s Anhui garden tool manufacturing project, and to supplement working capital.

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