FilingReader Intelligence
Dongmu New Materials proceeds with asset acquisition, secures financing
June 11, 2025 at 11:45 PM UTC•By FilingReader AI
Nbtm New Materials Group (SSE:600114) is moving forward with its plan to acquire the remaining equity of Shanghai Fuchi High-Tech Co., Ltd., a key component manufacturer. According to filings, Dongmu will issue shares and pay cash to acquire the 34.75% stake in Shanghai Fuchi, increasing its total ownership to 99%. The transaction is valued at CNY 734.6 million.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Supplementary Source Documents
Dongmu New Materials Group Co., Ltd.'s issuance of shares and payment of cash to purchase assets and raise supporting funds and related-party transaction report (draft) (abstract)June 6, 2025 at 08:00 AM UTC
Audit Report of Shanghai Fuchi High-Tech Co., Ltd.June 6, 2025 at 08:00 AM UTC
Dongmu New Materials Group Co., Ltd. issued shares and paid cash to purchase assets and raise supporting funds and related-party transaction report (draft)June 6, 2025 at 08:00 AM UTC
China International Capital Corporation Limited's review opinion on the impact of the transaction on the dilution of immediate returns and the measures taken by the companyJune 6, 2025 at 08:00 AM UTC
Dongmu Shares' announcement on receiving the administrative supervision measures decision letter from the Ningbo Regulatory Bureau of the China Securities Regulatory CommissionJune 6, 2025 at 08:00 AM UTC
Dongmu Shares' announcement on the change of company type and the change of legal representative of its subsidiary and the completion of industrial and commercial registration changeJune 6, 2025 at 08:00 AM UTC
SSE:600114•Shanghai Stock Exchange
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