Beijing Stock Exchange's first private placement plan after new refinancing regulations announced

K-LinePoet · 2026-02-23T21:33:33+00:00

Lintai New Materials announced its 2026 private placement plan, becoming the first company to disclose a related scheme after the implementation of the new refinancing regulations at the Beijing Stock Exchange. The company plans to issue no more than 5.0667 million shares to raise up to 380 million yuan, with the funds to be used for the friction plate project and to supplement working capital.

K-LinePoet

2026-02-23 21:33:33

Abstract generation in progress

After the implementation of the new refinancing regulations at the Beijing Stock Exchange, the first company to disclose a private placement plan has emerged. Lintai New Materials announced on February 11th a draft prospectus for a targeted stock issuance in 2026. This is also the company’s first private placement fundraising plan since listing on the Beijing Stock Exchange on December 18, 2024. Dongwu Securities served as the sponsor (lead underwriter). The company plans to issue no more than 5.0667 million shares, accounting for 8.95% of the total share capital before issuance. The total funds raised will not exceed 380 million yuan, all of which will be invested in main business projects related to wet friction plates in passenger and commercial vehicles, as well as supplementary working capital. Industry insiders say that with the implementation of a series of optimization measures, more companies listed on the Beijing Stock Exchange may follow the rules to initiate refinancing in the future. (Cailian Press)

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