ZMD plans to raise no more than 213.4 million yuan through a private placement
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According to the Zhitong Finance APP, ZMD announced that the company plans to issue shares to specific targets through a simplified procedure, with a total fundraising amount not exceeding 213.4 million yuan (including the principal). After deducting issuance costs, the raised funds are intended to be used entirely for: research and development and industrialization construction projects of unmanned equipment and commercial aerospace embedded computers, as well as to supplement working capital
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