---
title: "Fulai New Material plans to raise no more than 710 million yuan through a private placement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/255586504.md"
description: "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"
datetime: "2025-09-02T09:53:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255586504.md)
  - [en](https://longbridge.com/en/news/255586504.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255586504.md)
generator: "portal-rs"
---

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

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

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**