Zhongcheng Corporation: Approved to issue shares to purchase 100% equity and raise funds not exceeding 151 million yuan.
Zhongcheng Corporation announced that the company plans to issue shares to purchase 100% of the shares of Zhongji Jiangsu held by Zhongji Group, and raise funds from up to 35 specific investors. On February 13, 2026, the company received approval from the China Securities Regulatory Commission to issue 13.536 million shares to Zhongji Group for the purchase of assets; and to issue shares to raise supporting funds of up to 151.40 million yuan. The approval is valid for 12 months from the date of issuance, and the company will handle relevant matters within the specified period and disclose progress in a timely manner.
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