Shihua New Material Technology Raises 591 Million Yuan From Share Placement

marketscreener
2025.09.18 09:45
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(MT Newswires) -- Suzhou Shihua New Material Technology (SHA:688093) raised net proceeds of 590.9 million yuan from a share placement, according to a Shanghai bourse filing on Wednesday. The functional material manufacturer's shares jumped over 4% at the close of Thursday's trade. The company issued 17,751,479 shares to 12 investors for 33.80 yuan per share.

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