Guangdong Create Century Intelligent Equipment Group Corporation Limited announced that it has signed Share Subscription Agreement with individual investor Xia Jun to issue 100,917,431 shares at an issue price of CNY 5.45 per share for gross proceeds of CNY 549,999,998.95 on February 24, 2025. The transaction has been approved by 19th meeting of the 6th board of directors and still requires approval from the general meeting of shareholders and can only be implemented after being reviewed and approved by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission. The validity period of the resolution for this issuance of shares to the specific investor is 12 months from the date the issuance plan is approved by the company's general meeting of shareholders.
On June 19, 2025, the company announced that the application for the private placement has been accepted by the Shenzhen Stock Exchange.
Guangdong Create Century Intelligent Equipment Group Corp Ltd, formerly Guangdong Create Century Intelligent Equipment Corp Ltd, is a China-based company mainly engaged in intelligent equipment manufacturing business. The Company's main products include metal cutting machine tools and non-metal cutting machine tools. The product categories include five axis linkage machining centers, horizontal machining centers, drilling and milling machining centers, vertical machining centers, gantry machining centers, computer numerical control (CNC) lathes, precision carving machines, walking machines, profile machines and others. The Company's products are mainly used in the field of high-end CNC machine tools, new energy fields, general fields, and the processing of core components in the 3C supply chain. The Company mainly operates its businesses in the domestic and overseas markets.
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