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On July 16, Invengo Technology (002161.SZ) disclosed a financing strategy, marking the company's first utilization of a simplified procedure to issue A shares to a maximum of 35 targeted investors. The fundraising goal is set at 300 million yuan, entirely earmarked for enhancing the company's core business and expanding its capacity. This marks the first time since its 2007 listing that Invengo Technology has adopted the "fast track" refinancing approach, underscoring its urgency to capitalize on the industry's burgeoning prosperity. The funds procured will be allocated to initiatives encompassing the establishment of RFID electronic tag production lines, the development of the Xi'an Innovation Industry Center, the advancement of RFID electronic tag chip technology, and the augmentation of working capital.
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