---
title: "CGE: Application documents for issuing shares to purchase assets and raising supporting funds, as well as related party transactions, have been accepted"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276702527.md"
description: "Zhonghua Equipment announced that it plans to issue shares to purchase 100% equity held by China National Chemical Equipment Co., Ltd. and Beijing BlueStar Energy Saving Investment Management Co., Ltd., and to raise matching funds from no more than 35 specific investors. The company received the acceptance notice from the Shanghai Stock Exchange on February 24, 2026, and the transaction will be implemented after being reviewed by the Shanghai Stock Exchange and approved for registration by the China Securities Regulatory Commission"
datetime: "2026-02-24T08:15:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276702527.md)
  - [en](https://longbridge.com/en/news/276702527.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276702527.md)
---

# CGE: Application documents for issuing shares to purchase assets and raising supporting funds, as well as related party transactions, have been accepted

China National Chemical Equipment announced that the company plans to issue shares to acquire 100% equity of Yiyang Rubber & Plastic Machinery Group Co., Ltd. held by China National Chemical Equipment Co., Ltd. and 100% equity of Bluestar Chemical Machinery Co., Ltd. held by Beijing Bluestar Energy Investment Management Co., Ltd., and to issue shares to no more than 35 qualified specific investors to raise supporting funds. The company received a notice from the Shanghai Stock Exchange on February 24, 2026, regarding the acceptance of the application for the issuance of shares to purchase assets and raise supporting funds by China National Chemical Equipment Technology Co., Ltd. The Shanghai Stock Exchange has decided to accept the application and will conduct a review in accordance with the law. This transaction is subject to approval by the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission before it can be implemented

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