Mingpu Guangmu: Unveils Plans to Secure Up to 1.283 Billion Yuan via Private Placement for High-Speed Optical Module Smart Manufacturing Initiatives, Among Others
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Author:小编   

On July 31, Mingpu Guangmu declared its intention to issue A-share stocks to a select group of no more than 35 targeted investors, with the aim of raising a sum not exceeding 1.283 billion yuan. Following the deduction of issuance expenses, the proceeds will be earmarked for the advancement of high-speed optical module smart manufacturing, the industrialization of high-speed optical components and sophisticated passive devices, high-speed optical chip smart manufacturing endeavors, as well as for bolstering working capital. The quantity of shares to be issued will be capped at 30% of the pre-issuance total share capital, equating to no more than 70.5027 million shares.