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Demingli (001309.SZ) has unveiled a strategic plan to issue shares to a select group of no more than 35 specified investors, who will subscribe using cash. The pricing reference date for this share issuance is set as the first day of the issuance window. The issue price will be established at a minimum of 80% of the average trading price of the company's shares over the 20 trading days leading up to the pricing reference date. Demingli aims to raise a total capital of no more than 3.2 billion yuan. This capital will be earmarked for the expansion of solid-state drive (SSD) production capabilities, the enhancement of memory product (DRAM) manufacturing, the construction of the Intelligent Storage Management and R&D Headquarters Base project, as well as to bolster working capital reserves.
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