Galaxy Magnets (300127.SZ) plans to increase its share capital and cash acquisition of 100% equity of Kyoto Longtai to expand the variety of magnetic materials products.

China Fortune Financial News APP News, Galax Magnetics (300127.SZ) disclosed the pre-plan for issuing shares, paying cash to purchase assets, and raising supporting funds. The company plans to issue shares and pay cash to purchase 100% equity of Kyoto Longtai held by 14 trading parties including Huaqiang Ruizhe, Tang Mingxing, Xu Gang, Fuzhou Qifu, Huaqiang Ruihua, Longtai Julie, Longtai Zhongjin, Chengdu Hengtong, Beijing Hexiang, Xinyu Qifu, Zhoushan Yashang, Jiaxing Qifu, Chengdu Honghe, and Changsha Qifu. After the completion of the transaction, the listed company will hold 100% equity of Kyoto Longtai. The share issuance price for this transaction as payment for purchasing assets is determined to be 23.15 yuan per share.