Noposion plans private placement to boost blueberry expansion

Shenzhen Noposion Agrochemicals Co., Ltd. announced a preliminary plan to issue A-shares to specific targets in 2025, aiming to raise up to 1,450 million yuan. The funds will primarily support a new blueberry base expansion project (1,100 million yuan), a small berry international R&D center construction project (150 million yuan), and replenish working capital (200 million yuan). This initiative aligns with the company's strategy to expand its specialty fresh produce business, enhance R&D capabilities, and optimize its financial structure.

The private placement is subject to approval by the company's shareholders, the Shenzhen Stock Exchange, and registration with the China Securities Regulatory Commission (CSRC). The offering will target up to 35 specific investors, with pricing set at no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the issuance start date. Shares acquired in this placement will be subject to a six-month lock-up period.

The company's board of directors has approved the plan, which seeks to improve Noposion's overall competitiveness and long-term sustainable development by expanding its presence in the rapidly growing blueberry market and investing in agricultural technology. The projected timeline for completion is September 2026.