FilingReader Intelligence
Grinm Materials raises 320m yuan to repay state debt
August 8, 2025 at 07:59 AM UTC•By FilingReader AI
Grinm Advanced Materials will issue 45.4 million A-shares to controlling shareholder China GRINM Group for 320 million yuan to repay special debts from state appropriations.
The shares are priced at 7.05 yuan each and will increase China GRINM Group's stake from 33.09% to 36.49%. The shares are subject to a 36-month lock-up period.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Announcement by GRINM Advanced Materials Co., Ltd. regarding the acceptance by the Shanghai Stock Exchange of its application for a non-public issuance of A-shares to specific objects in 2024.August 8, 2025 at 08:00 AM UTC
Beijing Jiayuan Law Firm's legal opinion on the issuance of shares to specific objects by Grirem Advanced Materials Co., Ltd.August 8, 2025 at 08:00 AM UTC
SSE:600206•Shanghai Stock Exchange
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