---
title: "FASTEN plans to raise no more than 310 million yuan through a private placement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238937564.md"
description: "According to the announcement from FASTEN, the company plans to issue shares to specific targets, with a total fundraising amount not exceeding 310 million yuan (including the principal). The net amount raised after deducting issuance costs will be used entirely to supplement working capital and repay loans"
datetime: "2025-05-06T13:53:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238937564.md)
  - [en](https://longbridge.com/en/news/238937564.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238937564.md)
---

# FASTEN plans to raise no more than 310 million yuan through a private placement

According to the announcement from FASTEN (000890.SZ), the company plans to issue shares to specific targets, with a total fundraising amount not exceeding 310 million yuan (including the principal). The net amount raised after deducting issuance costs will be used entirely to replenish working capital and repay loans

### Related Stocks

- [000890.CN](https://longbridge.com/en/quote/000890.CN.md)

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