Zhizheng Co., Ltd. (Stock Code: 603991.SH) has officially declared its intention to execute a substantial asset restructuring. This strategic move entails the acquisition of equity stakes and control over Advanced Packaging Materials International Co., Ltd., achieved through a combination of major asset replacement, share issuance, and cash transactions. Concurrently, the company will divest its entire 100% equity interest in Shanghai Zhizheng New Materials Co., Ltd., and will embark on a fundraising initiative to secure supplementary capital. Notably, the China Securities Regulatory Commission has granted its formal approval, authorizing Zhizheng Co., Ltd. to issue shares to multiple entities for the procurement of associated assets. Additionally, the commission has sanctioned the raising of supplementary funds, with the amount not exceeding RMB 1 billion.
