Siquan New Materials: Plans to issue stocks to specific targets to raise funds not exceeding 466 million yuan.

Jin10 data reported on July 31 that Siquan New Materials announced that it plans to issue shares to specific targets to raise no more than 466 million yuan. After deducting issuance costs, the funds will be used for the Vietnam Siquan New Materials heat dissipation products project, liquid cooling research and development center project, information system construction project, and to supplement working capital. The targets for this share issuance will not exceed 35 specific investors, with the pricing benchmark date being the first day of the issuance period, and the issuance price not lower than 80% of the average trading price of the company’s shares over the last 20 trading days prior to the pricing benchmark date.