Advanced Micro-Fabrication Equipment China (SHA:688012), or AMEC, has raised 1.50 billion yuan in gross proceeds through a private placement of 5.2 million shares priced at 290.88 yuan each to four institutional investors.
The net proceeds will support the company's asset acquisition, project construction, and working capital, according to a Tuesday filing with the Shanghai bourse.
Shares of the chip gear maker declined 1% in recent trade.
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