GRG Metrology to raise 1.3 bn yuan in equity offering for strategic projects

GRG Metrology & Test Group Co., Ltd. announced a non-public issuance of A-shares in 2025, targeting up to 1.3 billion yuan. The funds will be allocated to several strategic projects, including 300 million yuan for an aviation equipment (including low-altitude) testing platform, 250 million yuan for a new-generation AI chip testing platform, and 300 million yuan for a satellite internet quality assurance platform. An additional 50 million yuan is earmarked for a data intelligent quality and safety inspection and testing platform, 150 million yuan for the Xi'an metrology and testing laboratory upgrade, and 250 million yuan for working capital.

The issuance, not exceeding 67,131,773 shares, aims to expand the company's service capabilities in areas such as aerospace, artificial intelligence, and satellite internet, aligning with national strategic priorities. The proposed projects are expected to enhance GRG Metrology's market competitiveness and improve its overall profitability, with the company’s controlling shareholder, Guangzhou Sci-tech Group, maintaining its stake after the issuance.

The company's board approved the plan on July 21, 2025, with shareholder approval on August 7, 2025. Final implementation is contingent upon approval from the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. The new shares will be subject to a six-month lock-up period from the end of the issuance.