---
title: "SHENNONG SEED plans to raise no more than 144 million yuan through a private placement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243890136.md"
description: "According to the announcement from Zhitong Finance APP, SHENNONG SEED plans to issue shares to specific targets through a simplified procedure, raising a total amount not exceeding 144 million yuan (including the principal). The net amount raised after deducting issuance costs will be used entirely for: the \"Good Seeds + Good Practices\" demonstration and promotion project for rapeseed, and to supplement working capital"
datetime: "2025-06-10T12:03:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243890136.md)
  - [en](https://longbridge.com/en/news/243890136.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243890136.md)
---

# SHENNONG SEED plans to raise no more than 144 million yuan through a private placement

According to the announcement from Zhitong Finance APP, SHENNONG SEED (300189.SZ) plans to issue shares to specific targets through a simplified procedure, raising a total amount not exceeding 144 million yuan (including the principal). The net amount raised after deducting issuance costs will be used entirely for: the demonstration and promotion project of "good varieties + good methods" for rapeseed and to supplement working capital

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