XinAo Co., Ltd. announcement: In 2026, the company plans to issue A-shares to specific targets, with total proceeds of no more than RMB 1.019 billion. After deducting the related issuance expenses, the net proceeds are proposed to be used for the XinAo Vietnam high-end combed eco yarn spinning, dyeing and finishing project (Phase II), the construction project for an intelligent workshop for the annual production of 2,000 tons of combed high-end cashmere and wool fancy yarn, the construction project for a research and development center for high-end woolen products and digital intelligence technology, and the supplementation of working capital.

K-LinePoet

2026-05-25 04:46:23

XinAo Co., Ltd. Announcement, the company plans to issue A-shares to specific targets in 2026, with a total fundraising amount not exceeding 1.02B RMB. The net proceeds after deducting related issuance expenses are intended to be used for the XinAo Vietnam high-end combed ecological yarn spinning and dyeing project (Phase II), an annual production of 2,000 tons of combed high-end cashmere and wool fancy yarns intelligent workshop construction project, a high-end wool textile product and digital intelligence technology R&D center construction project, and to supplement working capital.

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