Youon Technology (SHA:603776) is looking to raise up to 840.3 million yuan from the issuance of 71,819,411 shares to specific investors, according to a Thursday filing with the Shanghai bourse.
Shares closed 1% higher on Friday.
The hydrogen-powered bicycle manufacturer plans to issue the shares at 11.70 yuan apiece, the filing said.
Proceeds will be used to boost working capital.
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