Gansu Shangfeng Cement (000672.SZ) affiliated company Changxin Technology's application for IPO on the Science and Technology Innovation Board has been accepted by the Shanghai Stock Exchange.
Shangfeng Cement (000672.SZ) announced recently that, the Company has learned that, through its wholly-owned subsidiaries Ningbo Shangrong Logistics Co., Ltd. (hereinafter referred to as "Ningbo Shangrong") and Zhejiang Shangfeng Building Materials Co., Ltd. (hereinafter referred to as "Shangfeng Building Materials") as the investing entities, have invested in Changxin Technology Group Co., Ltd. (hereinafter referred to as "Changxin Technology") through Shanghai Junzhi Pu Entrepreneurship Investment Partnership Enterprise (Limited Partnership) (hereinafter referred to as "Junzhi Pu Venture") and China Building Materials (Anhui) New Materials Industry Investment Fund Partnership Enterprise (Limited Partnership) (hereinafter referred to as "China Building Materials Fund"). The application for the initial public offering of shares and listing on the Sci-Tech Innovation Board of Changxin Technology is accepted by the Shanghai Stock Exchange on December 30, 2025.
Gansu Shangfeng Cement (000672.SZ) announced that the company recently learned that its wholly-owned subsidiary Ningbo Shangrong Logistics Co., Ltd. (referred to as "Ningbo Shangrong"), Zhejiang Shangfeng Building Materials Co., Ltd. (referred to as "Shangfeng Building Materials") as the contributing entities respectively invested in Changxin Technology Group Co., Ltd. (referred to as "Changxin Technology") which is set to go public and apply for listing on the Sci-Tech Innovation Board on December 30, 2025 through Shanghai Junzhi Investment Partnership Enterprise (limited partnership) (referred to as "Junzhi Investment") and China National Building Material (Anhui) New Materials Industry Investment Fund Partnership Enterprise (limited partnership) (referred to as "China National Building Material Fund"), and the Shanghai Stock Exchange accepted the application.
According to the consolidated calculation, the company indirectly holds approximately 0.1517% of the equity of Changxin Technology before the public offering and listing.
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