Anhui Conch Material unit to issue 11.1% stake via public tender capital increase

Reuters02-25 19:20
Anhui Conch Material unit to issue 11.1% stake via public tender capital increase

Anhui Conch Material Technology Co. Ltd. said its 90%-owned subsidiary, Ningbo Conch New Material Technology Co., Ltd., plans a capital increase and share expansion via a public tender to introduce one new investor. The investor is expected to subscribe for RMB36.25 million of new registered capital, which would dilute Anhui Conch Material’s stake in the subsidiary from 90.0% to 80.0%, with Ningbo Industrial Investment Group Co., Ltd. holding 8.9% and the new investor 11.1% post-transaction. The tender will be conducted through the Anhui Assets and Equity Exchange, expected in February 2026 and to complete in March 2026, with an initial tender price not less than RMB1.3276 per RMB1 of registered capital based on an independent valuation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anhui Conch Material Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260225-12029748), on February 25, 2026, and is solely responsible for the information contained therein.

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