KingShine plans to raise no more than 300 million yuan through a private placement
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According to the Zhitong Finance APP, KingShine announced that the company plans to issue shares to specific targets through a simplified procedure, with a total fundraising amount not exceeding 300 million yuan. After deducting issuance costs, all funds are intended to be used for: the PCB production line upgrade project for high-end servers of Zhi'en Electronics and to supplement working capital
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