Tiangong International (00826): Tiangong Corporation plans to issue up to 69 million new shares for listing on the Shenzhen Stock Exchange.

Tiangong International (00826) announced that the sponsor and underwriter, China Construction Securities Limited, has submitted a public offering plan to the Beijing Stock Exchange, which was approved on April 24, 2025. According to the public offering plan, Tiangong International will issue up to 69 million new shares (including up to 9 million shares under the over-allotment option) through the sponsor and underwriter, representing approximately 11.76% of the enlarged share capital. The issue price is RMB 3.94 per share. The prospectus has been uploaded to the Beijing Stock Exchange. The results of the public offering are expected to be announced around May 6, 2025. Mr. Jiang Rongjun, Director and General Manager of Tiangong International, and Ms. Zhu Jingjing, Director and Chief Financial Officer of Tiangong International, will subscribe for 1.5 million and 1 million new shares of Tiangong International respectively at the offer price through the sponsor and underwriter.