Sou Hu Cai Jing·2025-10-27 09:37Core Viewpoint - Longking Environmental Protection plans to issue A-shares to a specific group, primarily to its controlling shareholder, Zijin Mining, at a price of 11.91 yuan per share, raising up to 2 billion yuan for working capital [1] Group 1: Stock Performance - As of October 27, 2025, Longking Environmental Protection's stock closed at 15.8 yuan, down 0.32% from the previous trading day, with a total market capitalization of 20.067 billion yuan [1] - The stock opened at 15.99 yuan, reached a high of 16.19 yuan, and a low of 15.65 yuan, with a trading volume of 2.86 billion yuan and a turnover rate of 1.42% [1] Group 2: Share Issuance Details - The company plans to issue no more than 167,926,112 shares, with the total fundraising amount not exceeding 2 billion yuan, all intended for supplementing working capital after deducting issuance costs [1] - The shares subscribed by Zijin Mining will not be transferable for 36 months from the end of the issuance [1] - This issuance constitutes a related party transaction and will not change the company's control [1] Group 3: Regulatory Approvals - The issuance is subject to approval from relevant state-owned enterprise authorities, the company's shareholders' meeting, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [1]