Henan Shijia Photons Technology Announces Private Placement to Raise Up to 2.8 Billion Yuan

Stock News07-15

Henan Shijia Photons Technology Co.,Ltd. (ASX: 688313) has disclosed plans for a private placement of A-shares.

The company aims to raise a total sum not exceeding 2.8 billion yuan, inclusive of issuance costs.

After deducting related expenses, the net proceeds are earmarked for several strategic initiatives.

These include a project to build production capacity for high-speed Arrayed Waveguide Grating (AWG) chips and optical interconnect modules.

Funds will also support the industrial-scale production project for Continuous Wave (CW) laser chips and Chip-on-Carrier (COC) technology.

Additionally, the capital will finance the expansion project for manufacturing high-density optical interconnect devices, specifically MPO/MMC types.

A portion of the raised funds is also allocated to supplement the company's working capital.

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