Genew plans to raise no more than 1.069 billion yuan through a private placement
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According to the Zhitong Finance APP, Genew announced that the company plans to issue shares to specific targets, raising a total amount not exceeding 1.069 billion yuan (including the principal). The net amount after deducting issuance costs is intended to be invested in: satellite internet communication product research and development and industrialization projects, and all-optical network system research and development and industrialization projects
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