CNBM (03323): Sinoma Science&Technology Co.,Ltd. (002080.SZ) Plans New Share Placement, China United Investment to Subscribe for Approximately RMB 820 Million

Stock News
Sep 29

CNBM (03323) announced that on September 28, 2025, China United Investment Co., Ltd. (China United Investment), a wholly-owned subsidiary of China National Building Material Group Co., Ltd. (the parent company), which is the controlling shareholder of the company, entered into an indicative share subscription agreement with Sinoma Science&Technology Co.,Ltd. (Sinoma Science&Technology) (002080.SZ), a non-wholly owned A-share listed subsidiary of the company. The agreement concerns Sinoma Science&Technology's proposed cash placement of new shares, with a portion to be allocated to China United Investment. China United Investment will subscribe for a total of approximately RMB 820 million in cash. The proceeds from the proposed placement will be primarily used for Sinoma Science&Technology's project and working capital requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10