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On September 29, Kesen Technology made an announcement stating its intention to issue A-shares to a maximum of 35 targeted investors, with the aim of raising a total amount not exceeding 1.102 billion yuan. The proceeds from this issuance will be allocated towards acquiring a 53.26% equity stake in Huizhou Zhangu Technology Co., Ltd., funding the robot and intelligent terminal precision structural parts and module manufacturing project (Phase I), and replenishing working capital. Specifically, 500 million yuan is earmarked for the acquisition of Zhangu Technology's equity. Zhangu Technology specializes in precision metal structural components for liquid cooling products. This strategic move is poised to enhance Kesen Technology's industrial footprint and foster new avenues for performance growth.
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