According to the Zhitong Finance App, Fuxiang Co., Ltd. (300497.SZ) announced a plan to issue A-shares to specific targets in 2026. The total capital raised in this offering does not exceed RMB 700 million (including the number of shares). The net capital raised after deducting issuance fees related to this offering will be used for the following projects: the 20,000 tons of fluorovinyl carbonate (FEC) project with an annual output of 20,000 tons, a high-quality triazole project, and supplementary working capital.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.