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Zhejiang Xiantong: Intends to Secure Funding of Up to 1.05 Billion Yuan via Private Share Placement for Initiatives Including the Smart Manufacturing of Frameless Auto Sealing Strips
1 week ago /
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Author：小编
On January 6, 2026, Zhejiang Xiantong (603239.SH) unveiled its strategy to issue A-share stocks to a maximum of 35 designated entities. Among these entities is its controlling shareholder, Taizhou Wucheng. The goal is to raise a cumulative sum not exceeding 1.05 billion yuan. Once the issuance costs are subtracted, the net funds will be allocated to the Smart Manufacturing Project for Frameless Auto Sealing Strips, the Enhancement and Development Project of the R&D Center, as well as to bolster working capital.
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