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On March 13, Sunway Communication (300136.SZ) unveiled its ambitious plan to issue stocks to targeted investors, aiming to garner funds not exceeding 6 billion yuan. Following the deduction of issuance-related expenses, the net capital raised will be earmarked for a series of cutting-edge projects. These encompass the development of commercial satellite communication devices and their integral components, radio frequency devices and associated parts, as well as innovative chip thermal conduction and heat dissipation solutions and their respective components. This strategic funding initiative underscores Sunway Communication's commitment to advancing technological frontiers in the realm of satellite communications and semiconductor technology.
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