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Norinco International secures approval for A-share issuance

June 2, 2025 at 05:22 PM UTCBy FilingReader AI

Norinco International Cooperation (SZSE:000065) announced that it has obtained approval from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) regarding its plan to issue A-shares to specific objects. According to the "Reply on Issues Concerning the Non-public Issuance of A-Shares by Norinco International Cooperation Co., Ltd." (Guo Zi Chan Quan [2025]181), SASAC has principally agreed to the company's proposal to issue no more than 105,032,822 A-shares to designated targets, with the total funds raised not exceeding CNY 9.60 billion. The A-share issuance plan is still subject to approval at the company's shareholder meeting and requires further review by the Shenzhen Stock Exchange and registration approval from the China Securities Regulatory Commission (CSRC). The company will fulfill its information disclosure obligations in a timely manner based on the actual progress of related matters.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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