Zhangzhou Development (000753.SZ) plans to raise a maximum of 1.05 billion yuan through additional issuance to be used for multiple projects and to supplement liquidity.

Zhixin Finance APP News, Zhangzhou Development (000753.SZ) disclosed the plan to issue A-shares to specific targets in 2025. The company intends to issue stocks to no more than 35 specific targets at a price not lower than 80% of the average trading price of the company's stock for the previous 20 trading days before the pricing reference date. The quantity of the issuance will be calculated based on the total proceeds raised divided by the issuance price. The number of stocks issued to specific targets shall not exceed 30% of the total share capital before this issuance, which is 297 million shares (including this figure).