Guojichongzhuang (601399.SH) plans to raise no more than 444 million yuan through a private placement to its controlling shareholder.

Zhitong Finance APP News, Sinomach Heavy Equipment (601399.SH) disclosed a plan for issuing A-shares to specific targets. The issuance target is the company's controlling shareholder and actual controller, Sinomach Group, which plans to subscribe to all shares in this issuance in cash. The total amount of funds raised in this issuance shall not exceed RMB 444 million (including this amount), all of which will be used to supplement working capital.