Desay SV gets green light for A-share private placement

Huizhou Desay SV Automotive (SZSE:002920) has received the green light from the China Securities Regulatory Commission (CSRC) for its proposed private placement of A-shares, as detailed in a recent filing. The CSRC’s approval, documented in document number Zheng Jian Xu Ke [2025] 315, permits the company to proceed with the offering within a 12-month window. The specific details of the offering, including the target investors and issue price, will be determined based on market conditions and in consultation with the lead underwriter. Proceeds will be channeled towards strategic initiatives including construction of Central and Western China based construction project, smart car electronic system construction, the creation of Central Computing and Cockpit integration projects totaling 439.88 million yuan.