NATIONSTAR plans to raise no more than 981 million yuan through a private placement for capacity construction, research and development investments, and other matters
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NATIONSTAR plans to issue A-shares to no more than 35 specific targets, raising a total of no more than 981 million yuan. The funds will be used for capacity construction and R&D investment, including projects for ultra-high-definition display Mini/Micro LED products, optoelectronic sensors, smart home displays, and more. The issuance price will not be lower than 80% of the average price of the 20 trading days prior to the pricing benchmark date
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