Jinhe Biotechnology plans to raise no more than 300 million yuan through a simplified procedure for private placement
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Jinhe Biotechnology plans to issue A-shares to specific targets through a simplified procedure, raising no more than 300 million yuan. This issuance will be aimed at no more than 35 specific targets, with the issuance price not lower than 80% of the average price of the 20 trading days prior to the pricing benchmark date. The raised funds will be used for the expansion of sewage treatment capacity, upgrading and expanding water resource recycling, constructing new grain storage facilities, and supplementing working capital
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