Junjiexing (688655.SH) plans to raise no more than 130 million yuan through a private placement.

The China Fortune Financial News APP reported that Xunjie Xing (688655.SH) issued an announcement, the company plans to issue A shares to specific targets through a simple process, raising a total amount of funds not exceeding 130 million yuan. The net amount of funds raised after deducting the issuance costs will be used entirely for the Xin Feng Gao Multilayer, HDI production line technology upgrade and improvement project, and for supplementary working capital.