Jinhua Chunguang Technology (603657.SH) Plans Private Placement to Raise Up to 776 Million Yuan

Stock News12-11

Jinhua Chunguang Technology Co.,Ltd. (603657.SH) announced its 2025 private placement plan for A-shares, targeting no more than 35 specific investors. The company aims to raise a maximum of 776 million yuan (inclusive), with net proceeds after deducting issuance expenses allocated to the following projects: the first phase of Suzhou Shangteng Technology Manufacturing Co., Ltd.'s new production facility for 8 million cleaning appliances annually, the Vietnam production base construction project, as well as working capital supplementation and bank loan repayments.

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