Janus Intelligent gears up for targeted A-share issuance

Guangdong Janus Intelligent Group (SZSE:300083) has announced its plans for a targeted A-share issuance to strengthen its capital base and support strategic initiatives. The offering, subject to Shenzhen Stock Exchange review and China Securities Regulatory Commission (CSRC) registration, involves issuing shares to a specific target, Xia Jun, the company's controlling shareholder and chairman, not exceeding 100,917,431 shares. Xia Jun intends to subscribe to A-shares via cash worth no more than CNY 550 million, with the price per share set at CNY 5.45. The proceeds are earmarked for augmenting working capital and repaying bank loans.