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Plans to Raise 1.1 Billion for High-End Electronic Cloth 'Bold Bet' – Jujie Microfiber Accelerates Strategic Transformation | Quick Read Announcement
① The company plans to issue shares to specific investors to raise a total amount of no more than 1.1 billion yuan, all of which will be used for the high-end electronic cloth construction project; ② This represents the largest refinancing effort since the company's listing, demonstrating its determination to transition towards high-end new materials; ③ In the prospectus, the company stated that the global electronic cloth industry is currently at a critical juncture of structural upgrading, with the industry entering a high-growth cycle.
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Jujie Microfiber (300819.SZ) plans to purchase a batch of Toyota air-jet looms for no more than 1.5 billion yuan.
Jujie Microfiber (300819.SZ) announced that at the fourteenth meeting of the third board of directors held on April 17, 2026, the company reviewed and approved the 'Proposal on Equipment Procurement.' To meet production needs, the company plans to purchase a batch of Toyota air jet looms from Toyotsu Machinery Corporation, with a total amount not exceeding RMB 150 million. The equipment purchased will primarily be used to support the production of fiberglass cloth and electronic cloth.
Jiangsu Jujie Microfiber Technology Group (SZSE:300819) Jumps 23% This Week, Though Earnings Growth Is Still Tracking Behind One-year Shareholder Returns
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