Chutian Dragon Plans Private Share Placement to Raise Up to 760 Million Yuan

Stock News02-10

Chutian Dragon Co.,Ltd. (003040.SZ) has announced its plan for a private placement of A-shares in 2026. The total funds to be raised through this offering will not exceed 760 million yuan, inclusive of issuance costs. After deducting issuance expenses, the net proceeds will be allocated to the following projects: research, development, and industrialization of innovative application security products; construction of smart hardware for industry-specific applications; establishment of a digital operations headquarters and R&D upgrade initiatives; and supplementing working capital.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment