China Jushi's (SHA:600176) controlling shareholder, China National Building Material (HKG:3323), plans to raise its holdings in the company by between 125 million yuan and 250 million yuan, according to a Shanghai bourse filing on Saturday.
The Chinese fiberglass manufacturer's shares jumped over 6% during Monday's midday trade. CNBM's shares rose less than 2%.
The share increase transaction will be made from Nov. 28, 2025, to Nov. 27, 2026.
Currently, CNBM holds 29.22% of the company's total share capital, or nearly 1.17 billion shares.
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