Anhui Conch Material Technology (02560) Announces Potential Capital Raise for Ningbo Conch New Material

Bulletin Express02-25 19:22

Anhui Conch Material Technology Co., Ltd. (02560) disclosed a potential capital increase and share expansion for its 90%-owned subsidiary, Ningbo Conch New Material Technology Co., Ltd. The proposal involves introducing one external investor through a public tender in February 2026, with expected completion in March 2026.

Under the current plan, Ningbo Conch New Material’s registered capital would rise from RMB 290.00 million to RMB 326.25 million, reflecting an additional RMB 36.25 million. Following the proposed transaction, Anhui Conch Material Technology’s shareholding in the subsidiary would decrease from 90.0% to 80.0%, while Ningbo Industrial Investment Group Co., Ltd. would hold 8.9%, and the new investor would secure 11.1%.

The initial tender price is tied to an appraised net asset value ranging from RMB 366.51 million (asset-based approach) to RMB 385.00 million (income approach), as determined by an independent valuer. This potential transaction will be processed under public tender rules and may constitute a deemed disposal under the applicable listing regulations, subject to further disclosures once finalized.

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