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Hwatsing Technology to Raise 400 Million Yuan from Private Placement

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Hwatsing Technology (SHA:688120) plans to raise up to 400 million yuan from the sale of 35.4 million shares to 35 investors under a private placement, according to a Friday filing with the Shanghai bourse.

Proceeds will be used to fund integrated circuit and semiconductor equipment research and development, as well as wafer regeneration and expansion projects, the filing said.

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