---
title: "Fulai New Material plans to raise no more than 710 million yuan through a private placement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/255586504.md"
description: "According to the Zhitong Finance APP, Fulai New Material announced that the company plans to issue shares to specific targets, raising a total of no more than 710 million yuan (including the principal). The net amount of funds raised after deducting relevant issuance costs is intended to be used for: expansion project of label printing materials, upgrade project of electronic-grade functional materials, upgrade project of the research and development center, and to supplement working capital"
datetime: "2025-09-02T09:53:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255586504.md)
  - [en](https://longbridge.com/en/news/255586504.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255586504.md)
generator: "portal-rs"
---

# Fulai New Material plans to raise no more than 710 million yuan through a private placement

According to the announcement from Zhitong Finance APP, Fulai New Material (605488.SH) plans to issue shares to specific targets, with a total fundraising amount not exceeding 710 million yuan (including the principal). The net amount of funds raised after deducting relevant issuance costs is intended to be used for: expansion project of label printing materials, upgrade project of electronic-grade functional materials, upgrade project of the research and development center, and to supplement working capital

### Related Stocks

- [605488.CN](https://longbridge.com/en/quote/605488.CN.md)

## Related News & Research

- [Cocoa Prices Fall on Rising Nigerian Cocoa Exports](https://longbridge.com/en/news/296637826.md)
- [REG - Aberdeen Asian Inc - Director/PDMR Shareholding](https://longbridge.com/en/news/296505605.md)
- [Ata Turizm Discloses High Non-Compliant Income Under Participation Finance Rules](https://longbridge.com/en/news/296522750.md)
- [Exxaro Resources Non-GAAP EPS of R 13.77, revenue of R 22.1B; reaffirms FY 2026 outlook](https://longbridge.com/en/news/296457906.md)
- [US Cocoa Futures (COCOA-F) Surges on Aug 19: Key Factors to Watch](https://longbridge.com/en/news/296344984.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**