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Wintech Nano to Raise 1.03 Billion Yuan Via Share Placement

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Wintech Nano (Suzhou) (SHA:688757) plans to raise up to 1.03 billion yuan through a share placement, according to a Shanghai bourse filing on Thursday.

The electronics and semiconductor laboratory services company will place up to 120,993,446 shares, or 30% of the company's total shares, to up to 35 investors.

Proceeds will be used for the construction of the Qingdao testing and analysis facility, the Suzhou headquarters for testing and analysis and a large-scale model research and development platform for semiconductors.

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