en.Wedoany.com Reported - On May 27, the official website of the Shanghai Stock Exchange showed that the main board IPO application of Fujian Makeng Mining Co., Ltd. (referred to as "Makuang Shares") was approved by the Listing Committee. The company is primarily engaged in the development and comprehensive utilization of iron ore resources. Its main business includes iron ore mining and beneficiation, comprehensive utilization, and the sale of iron concentrate powder and molybdenum concentrate, while also involving limestone mining and sales operations.

For this IPO, Makuang Shares plans to raise approximately 1 billion yuan. After deducting issuance expenses, the raised funds will primarily be used for the Makeng Iron Mine Mining and Beneficiation Expansion Project. The company stated that upon implementation, this project will add 5 million tons per year of iron ore mining and beneficiation capacity, helping to further improve the utilization efficiency of the company's existing production facilities, reduce the unit production cost of products such as iron concentrate powder, and enhance the company's profitability and sustainable operation capability.

Makuang Shares is located in Longyan City, Fujian Province, China, with its core asset being the mining rights for the Makeng Iron Mine. As of the end of 2025, the Makeng Iron Mine had retained iron ore resources of 325.2085 million tons, associated with 43,300 tons of molybdenum ore (measured in metal quantity), and 30.6634 million tons of limestone for cement use. Currently, the company's 5 million tons/year mining and beneficiation project was fully completed and put into production in 2018, achieving a 5 million tons/year mining and beneficiation scale in 2019. Makuang Shares stated that after the current Makeng Iron Mine Mining and Beneficiation Expansion Project reaches full production, the entire mine will achieve a production scale of 10 million t/a for mining and beneficiation.

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