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Putailai: The controlling subsidiary plans to publicly issue stocks and list on the Beijing Stock Exchange
Putailai’s announcement: its controlling subsidiary, Jiatuo Intelligent, plans to publicly issue shares to qualified investors other than specific persons and list them on the Beijing Stock Exchange. Jiatuo Intelligent’s registered capital is RMB 354 million. Its main business is the research, production, and sales of new-energy intelligent manufacturing equipment. Its primary products are key lithium battery manufacturing equipment represented by coating machines. The company’s shareholding ratio is 71.54%. Jiatuo Intelligent plans to publicly issue no more than 46.51 million shares. The proceeds from the fundraising will be used to invest in projects supporting the high-end intelligent equipment industry, projects for core technology research and development and improvements to industrialization capabilities, and to replenish working capital.