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Longci Technology: Intends to Secure 760 Million Yuan via Private Share Placement for Initiatives Such as Vietnam Longci Phase II and Chip Inductor Smart Manufacturing Projects
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Author：小编
On February 11, Longci Technology unveiled its strategy to issue shares to a maximum of 35 targeted investors, with the objective of amassing a sum not exceeding 760 million yuan. These proceeds are earmarked for financing the Vietnam Longci Phase II Project, the Chip Inductor Smart Manufacturing Project, and will also serve to bolster working capital and settle outstanding bank loans.
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