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Jiangtung Equipment: Planning the issuance of A-shares to specific targets in 2026
Jiang Tung Equipment Announcement: The company’s stock prices have experienced a cumulative deviation of 20% in closing prices over three consecutive trading days on February 10, 11, and 12, 2026, indicating abnormal stock trading fluctuations. The company is planning a private placement of A-shares to specific investors in 2026, with the number of shares not exceeding 297 million and the total fundraising amount not exceeding 1.882 billion yuan. The proceeds will be used to acquire 100% equity stakes in Jiangxi Jiang Tung Hard Alloy Co., Ltd., Ganzhou Huamao Tungsten Materials Co., Ltd., and Jiujiang Nonferrous Metal Smelting Co., Ltd.