Zhongying Electronics: Plans to raise up to 1 billion yuan from controlling shareholders through targeted fundraising for analog-digital mixed chip research and development, industrialization projects, and more.

People’s Finance News, April 3: On April 3, Lingyin Electronics (300327) announced that the company plans to issue shares to its controlling shareholder, Shanghai Zhieneng Industrial Electronic Co., Ltd. (referred to as “Zhieneng Industrial Electronics”), raising funds through a targeted offering of no more than RMB 1 billion (including the amount), with the issuance of no more than 49.4071 million shares (including the amount). The issue price will be RMB 20.24 per share. The net proceeds from the fundraising after deducting issuance expenses will be used for R&D and industrialization projects for high-end industrial-grade (including automotive-grade) analog and mixed-signal chips, R&D and industrialization projects for high-end industrial-grade (including automotive-grade) main control SoCs (including intelligentization), and for supplementing working capital.

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