Wanwei High-tech: Plans to issue stocks to specific targets to raise no more than 3 billion yuan

NightAirdropper · 2026-03-12T08:11:21+00:00

Wanwei High-Tech plans to issue A-shares to specific investors in 2026, raising no more than 3 billion yuan for the ethylene-based polyvinyl alcohol resin and optical film projects. The target issuer is Wanwei Group, subject to multiple approvals.

NightAirdropper

2026-03-12 08:11:21

Abstract generation in progress

The Beijing News Shell Finance reported that on March 11, Wanwei High-tech announced that it plans to issue A-shares to specific investors in 2026, raising no more than 3 billion yuan. After deducting issuance costs, the net proceeds will be fully used for the 200,000-ton/year ethylene-based functional polyvinyl alcohol (PVA) resin project and the high-generation panel PVA optical film project with an annual output of 30 million square meters. The target for issuance is Wanwei Group, with an issue price of 6.42 yuan per share, and the total number of shares to be issued will not exceed 467 million. This issuance is subject to approval by the state-owned enterprise Wanwei Group, approval by the company’s shareholders’ meeting, review and approval by the Shanghai Stock Exchange, and registration with the China Securities Regulatory Commission.

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