Hongyuan Electronics (603267.SH) plans to raise no more than 300 million yuan through a private placement.

According to the Zhitong Finance APP, Hongyuan Electronics (603267.SH) announced that the company intends to issue A-shares to specific objects through a simplified procedure, raising a total of no more than 300 million yuan (inclusive of the principal). The net proceeds will be used entirely for: the industrialization technology transformation project of multilayer ceramic capacitors and variable capacitors, the industrialization project of micro-nano system packaging shells, and to supplement working capital.