---
title: "Longhorn Auto plans to raise no more than 1.105 billion yuan through a private placement for production line construction and other matters"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251602045.md"
description: "Longhorn Auto plans to raise no more than 1.105 billion yuan by issuing A-shares to no more than 35 specific investors. The number of shares to be issued will not exceed 27.6 million shares, and the issue price will not be less than 80% of the average price of the 20 trading days prior to the pricing benchmark date. The raised funds will be used for the expansion of the production line in Shenzhen, the construction of the production line in Huizhou, and the upgrade of the research and development center"
datetime: "2025-08-05T09:26:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251602045.md)
  - [en](https://longbridge.com/en/news/251602045.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251602045.md)
---

# Longhorn Auto plans to raise no more than 1.105 billion yuan through a private placement for production line construction and other matters

According to the Zhitong Finance APP, Longhorn Auto (301488.SZ) disclosed a plan for the issuance of A-shares to specific investors for the year 2025. The company intends to issue shares to no more than 35 (inclusive) specific investors, with the issuance price not lower 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 to specific investors will be determined by dividing the total amount of funds raised by the issuance price, and will not exceed 30% of the company's total share capital prior to this issuance, which is no more than 27.6 million shares (inclusive).

In addition, the total amount of funds raised from this issuance to specific investors will not exceed 1.105 billion yuan (inclusive), and the funds raised, after deducting related issuance expenses, will be used for the expansion project of Longhorn Auto's production line in Shenzhen, the construction project of Longhorn Auto's production line in Huizhou, and the upgrade construction project of Longhorn Auto's R&D center

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