---
title: "Kingsignal plans to raise no more than 292 million yuan through a simplified procedure for a private placement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/261875961.md"
description: "Kingsignal plans to issue shares to specific investors through a simplified procedure, raising no more than 292 million yuan. This issuance will target no more than 35 specific investors, 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 high-speed interconnection products for data centers and to supplement working capital"
datetime: "2025-10-20T11:45:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261875961.md)
  - [en](https://longbridge.com/en/news/261875961.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261875961.md)
---

# Kingsignal plans to raise no more than 292 million yuan through a simplified procedure for a private placement

According to the Zhitong Finance APP, Kingsignal (300252.SZ) disclosed a plan to issue stocks to specific targets through a simplified procedure for the year 2025. The company intends to issue stocks to no more than 35 specific investors (including 35 investors), with the issuance price not lower than 80% of the average trading price of the company's stocks over the twenty trading days prior to the pricing benchmark date. The number of stocks will be determined by dividing the total amount of funds raised by the issuance price, not exceeding 30% of the company's total share capital before this issuance.

It is reported that the total amount of funds to be raised in this issuance will not exceed 292 million yuan (inclusive), which will be used for the expansion construction project of high-speed interconnection products for data centers and to supplement working capital

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- [300252.CN](https://longbridge.com/en/quote/300252.CN.md)

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