Visionox Technology Inc. announces planned capital increase with potential ownership change
Visionox Technology Inc. (002387.SZ), a Beijing‑based company listed on the Shenzhen Stock Exchange, has disclosed its intention to raise up to 2.937 billion yuan through a directed issue of A‑share shares to Hefei Jiandu Investment Co., Ltd. (“Hefei Jiandu”). The transaction is structured as a private placement and is expected to be completed shortly before the company’s resumption of trading on November 10, 2025.
Key details of the capital raise
| Item | Description |
|---|---|
| Target issuer | Hefei Jiandu Investment Co., Ltd. |
| Number of shares | 419 million |
| Issue price | 7.01 yuan per share |
| Maximum proceeds | 2.937 billion yuan |
| Use of funds | Supplement current liquidity and repay outstanding debt |
| Effective date | Shares to be listed again on 10 November 2025 |
The company and Hefei Jiandu signed a conditional subscription agreement on 7 November. The agreement specifies that Hefei Jiandu will purchase the shares in cash, and that the capital raise is contingent on the successful completion of the transaction. If the issuance proceeds as planned, Hefei Jiandu will become the new controlling shareholder, and the Sichuan municipal government will effectively become the ultimate controller of Visionox.
Impact on ownership structure
Prior to the completion of the offering, Visionox did not have a controlling shareholder or a de facto controller. Upon closing of the transaction, Hefei Jiandu’s stake will rise above 50 percent, thereby giving it the status of controlling shareholder. The company’s management has not yet confirmed whether the new ownership will lead to changes in the board composition or executive appointments.
Market reaction
Visionox’s shares were suspended from trading as a result of the announcement. The company will resume trading on the first day after the completion of the capital raise, which is scheduled for 10 November 2025. The market’s reaction to the announcement is uncertain; investors will be watching the price movement closely once trading resumes.
Company background
Visionox Technology Inc. specializes in the research, development, production, and sale of organic light‑emitting display (OLED) products. The company operates both domestically and internationally and is headquartered in Beijing. As of 6 November 2025, the closing price of Visionox’s shares was 8.47 yuan. The company’s market capitalization stands at 11.83 billion yuan, with a 52‑week high of 16.00 yuan and a low of 7.20 yuan. The price‑earnings ratio is –5.06, reflecting the company’s current operating losses.
Regulatory filings
Visionox published the following notices on the China Securities Regulatory Commission’s electronic disclosure platform:
- A public announcement regarding the planned A‑share issuance to Hefei Jiandu, signed on 7 November.
- A prompt disclosure of anticipated shareholder‑equity changes, available in PDF format at the CNINFO portal.
These filings confirm the company’s compliance with disclosure requirements under Chinese securities law and provide investors with the official details of the planned transaction.
The information herein is based solely on publicly available disclosures dated 9 November 2025 and the company’s fundamental data as of that date.
