Piotech (SHA:688072) will inject 4.16 billion yuan into subsidiaries Tuojing Chuangyi (Shenyang) Semiconductor Equipment and Topway Technology (Shanghai) to fund semiconductor projects, according to a Wednesday filing with the Shanghai bourse.
The funds come from a private placement in 2025.
Proceeds will be used to fund Tuojing Chuangyi's high-end semiconductor equipment industrialization base project, research and development base, and working capital totaling 2.86 billion yuan.
The remaining 1.30 billion yuan will fund Topway Shanghai's R&D base.
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