Hwatsing Technology Plans to Raise Up to 3.80 Billion Yuan from Share Placement
Hwatsing Technology's (SHA:688120) plans to raise up to 3.80 billion yuan from a share placement, according to a Shanghai bourse filing on Tuesday.The semiconductor manufacturer will place up to 49,628,143 shares, or 10% of total shares, but the final amount is yet to be announced.Proceeds will be used for the Shanghai integrated circuit manufacturing base, the expansion of a wafer reclaim capacity plant, and a high-end semiconductor equipment research and development hub.