On February 11, Desay SV officially submitted its fundraising plan for the issuance of shares to specific investors to the Shenzhen Stock Exchange for registration. Prior to this, the application had received the green light from the Listing Review Center of the Shenzhen Stock Exchange, with a total fundraising amount capped at RMB 4.399 billion. These funds will be allocated towards various projects, including the establishment of an automotive electronics base in central and western China.
