Toyou Feiji Electronics Announces Private Placement to Raise Up to 1 Billion Yuan for AI Storage and SSD Projects
Stock News
Jun 30
The company has unveiled a plan for a private placement of A-shares to specific investors in 2026.
The total funds raised are intended not to exceed 1 billion yuan, inclusive of the total amount.
After deducting issuance expenses, the net proceeds will be allocated to several key initiatives.
These include a research and development center project for enterprise-grade storage systems and SSDs designed for comprehensive AI scenarios.
Other projects receiving funding are an intelligent manufacturing project for enterprise storage systems and SSDs, a marketing and experience center project, and the replenishment of working capital.
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