Zhejiang XCC unveils A-share plan, changes projects, names, restricts shareholders

Zhejiang XCC Group (SSE:603667) has announced a plan to issue A-shares to specific targets, while adjusting its capital structure and project investments. The issuance targets a maximum of 35 specific investors and aims to raise up to CNY1,000 million. Funds will support robotics and automotive intelligent driving component projects as well as boost working capital. The A-share issuance plan is pending shareholder approval, Shanghai Stock Exchange review, and China Securities Regulatory Commission registration.