IKD gets CSRC nod for acquisition, capital raise, reaps cash management returns

IKD announced on September 13, 2025, that it has received approval from the China Securities Regulatory Commission (CSRC) for its acquisition of a 71% stake in Zhuoerbo (Ningbo) Precision Electromechanical Co., Ltd. The approval permits IKD to issue 30,253,553 shares to Wang Chengyong, 11,614,339 shares to Wang Zhuoxing, and 3,025,355 shares to Zhou Yiping for asset acquisition. Additionally, IKD is cleared to raise supporting funds not exceeding CNY 52,000万元.

In a related financial move, IKD also announced the successful redemption of CNY 5,500万元 in idle raised funds from a structured deposit product with Hangzhou Bank Ningbo Beilun Branch on September 12, 2025. This cash management activity yielded CNY 28.80万元 in income, with the principal and earnings returned to the dedicated fundraising account. The company will continue to use idle funds for cash management, purchasing highly secure and liquid structured deposit products up to CNY 5,500万元 to enhance returns.