Shennan Circuits Cuts Private Placement to RMB4.367 Billion
Shennan Circuits announced on September 8 that its board approved revising its 2026 private placement plan, reducing the total fundraising from RMB4.882 billion to no more than RMB4.367 billion. The allocation for the Wuxi AI computing electronic circuit project remains RMB3.6 billion, while working capital replenishment is cut from RMB1.282 billion to RMB767 million.
Shennan Circuits announced on September 8 that its board of directors approved adjustments to its plan for issuing shares to specific targets in 2026. The total fundraising amount has been revised from no more than RMB4.882 billion to no more than RMB4.367 billion. Within this, the Wuxi Shennan Circuits AI computing electronic circuit product project will continue to use RMB3.6 billion from the proceeds, unchanged, while the allocation for replenishing working capital has been adjusted from RMB1.282 billion to RMB767 million.