Fulai New Material plans to raise no more than 710 million yuan through a private placement

According to the Zhitong Finance APP, Fulai New Material announced that the company plans to issue shares to specific targets, raising a total of no more than 710 million yuan (including the principal). The net amount of funds raised after deducting relevant issuance costs is intended to be used for: expansion project of label printing materials, upgrade project of electronic-grade functional materials, upgrade project of the research and development center, and to supplement working capital

According to the announcement from Zhitong Finance APP, Fulai New Material (605488.SH) plans to issue shares to specific targets, with a total fundraising amount not exceeding 710 million yuan (including the principal). The net amount of funds raised after deducting relevant issuance costs is intended to be used for: expansion project of label printing materials, upgrade project of electronic-grade functional materials, upgrade project of the research and development center, and to supplement working capital