Asia
Gyz Electronic Technology Plans 875 Million Yuan Private Placement; Shares Slide 3%
Suzhou Gyz Electronic Technology (SHA:688260) is targeting to raise as much as 874.8 million yuan from the sale of up to 36 million shares in a private placement, according to a Wednesday filing with the Shanghai bourse.The precision electronic components manufacturer plans to use the proceeds to fund production line upgrades and working capital.Shares fell 3% during afternoon trading on Wednesday.
SHA:688260
