Noposion plans private placement for blueberry expansion, R&D

Shenzhen Noposion Agrochemicals announced a private placement of A-shares in 2025 to raise up to 1.45 bn yuan. The funds will be primarily allocated to a blueberry base expansion project (1.1 bn yuan), a small berry international R&D center (150m yuan), and working capital (200m yuan). The company's board approved the plan, which aims to boost its core fresh fruit business and agricultural technology, aligning with national rural revitalization strategies.

While the issuance is expected to dilute immediate returns per share in the short term, the company has outlined measures to mitigate this, including strengthening capital management, accelerating project implementation, and improving corporate governance. These initiatives are designed to ensure the effective use of funds, enhance operational performance, and safeguard long-term shareholder interests.

The board has approved the share issuance and related measures, with shareholder approval pending. The proposed plan reflects the company's commitment to sustainable growth and maintaining its leading position in the agricultural sector.