xemc Co., Ltd.'s application to issue shares to specific targets was approved by the China Securities Regulatory Commission
Release time：
2025-08-20 00:00
Recently, Xiangtan Electric Co., Ltd. (hereinafter referred to as "xemc Co., Ltd.") successfully obtained the "Reply on Agreeing to the Registration of Xiangtan Electric Co., Ltd. to Issue Shares to Specific Targets" issued by the China Securities Regulatory Commission, marking a key milestone in the issuance of shares by xemc Co., Ltd. to specific objects.
The total amount of funds to be raised in this offering will not exceed RMB 2 billion, and the funds raised will be mainly used for the serial development and industrialization project of aviation electrical systems, the research and development and industrialization project of magnetic levitation bearing high-speed motor system, and supplement part of the working capital. The implementation of the project will help further enhance the technical advantages of xemc Co., Ltd. in the field of high-end equipment manufacturing, optimize the industrial layout, and comprehensively enhance the company's core competitiveness and sustainable development capabilities.
At present, xemc is actively promoting the preparation for the issuance and maintaining close communication with a number of interested investors, striving to complete the stock issuance as soon as possible and inject new momentum into the company's high-quality development.
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