---
title: "ZZDC plans to raise no more than 1.05 billion yuan through a private placement for multiple projects and to supplement liquidity"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251438447.md"
description: "ZZDC plans to raise no more than 1.05 billion yuan by issuing A-shares to specific targets. This issuance will be directed at no more than 35 specific targets, with the issuance price not lower than 80% of the average price of the 20 trading days prior to the pricing benchmark date. The raised funds will be used for multiple projects, including ecological comprehensive remediation, expansion of the third water plant, and photovoltaic power generation projects, as well as to supplement working capital"
datetime: "2025-08-04T11:09:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251438447.md)
  - [en](https://longbridge.com/en/news/251438447.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251438447.md)
generator: "portal-rs"
---

# ZZDC plans to raise no more than 1.05 billion yuan through a private placement for multiple projects and to supplement liquidity

According to the Zhitong Finance APP, Zhangzhou Development (000753.SZ) has disclosed a plan to issue A-shares to specific targets for the year 2025. The company intends to issue shares to no more than 35 specific targets (including 35). The issuance price will not be less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date. The number of shares issued will be calculated based on the total amount of funds raised divided by the issuance price, and the number of shares issued to specific targets will not exceed 30% of the company's total share capital before this issuance, which is 297 million shares (including this number).

The total amount of funds raised from this issuance to specific targets will not exceed 1.05 billion yuan (including this number), and the net amount of funds raised after deducting issuance costs will be used for the integrated ecological comprehensive remediation project of the factory network and rivers and lakes in the Zhangzhou Taiwan Business Investment Zone (EPC+O), the expansion project of Zhangzhou's third water plant, the 100MW (128.6MWp) fish-solar complementary photovoltaic power generation project in Zhangpu Salt Field, and to supplement working capital

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**