Conch Material Technology Plans Capital Increase for Ningbo Subsidiary via Public Listing

Stock News02-25 19:26

Conch Material Technology (02560) announced that its 90%-owned subsidiary, Ningbo Conch New Material Technology Co., Ltd., intends to carry out a capital increase and expansion of equity by introducing an investor through a public listing process in February 2026. The plan involves bringing in one investor and increasing the registered capital by RMB 36.25 million. Before and after the completion of the capital increase, the company will maintain an 80% stake in Ningbo Conch New Material, which will remain a subsidiary. This move is expected to help the group optimize its capital structure, reduce debt levels, and improve operational quality. The board believes that, if implemented, the capital increase will provide a solid foundation for stable overall operations and promote the group’s sustainable development, aligning with the interests of the company and its shareholders.

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