---
title: "Genew plans to raise no more than 1.069 billion yuan through a private placement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/244251484.md"
description: "According to the Zhitong Finance APP, Genew announced that the company plans to issue shares to specific targets, raising a total amount not exceeding 1.069 billion yuan (including the principal). The net amount after deducting issuance costs is intended to be invested in: satellite internet communication product research and development and industrialization projects, and all-optical network system research and development and industrialization projects"
datetime: "2025-06-12T12:05:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/244251484.md)
  - [en](https://longbridge.com/en/news/244251484.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/244251484.md)
---

# Genew plans to raise no more than 1.069 billion yuan through a private placement

According to the Zhitong Finance APP, Genew (688418.SH) announced that the company plans to issue shares to specific targets, raising a total of no more than 1.069 billion yuan (including the principal amount). The net amount after deducting issuance costs is intended to be invested in: satellite internet communication product research and development and industrialization projects, and all-optical network system research and development and industrialization projects

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