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Zhengyu Industrial: Plans to raise no more than 450 million yuan through a private placement.
Jin10 data reported on July 18th that Zhengyu Industrial announced a plan to raise no more than 450 million yuan through a private placement, which, after deducting issuance costs, will be used for the Zhengyu Intelligent Manufacturing Park (Phase II) and to supplement working capital. Among them, the total investment for the Zhengyu Intelligent Manufacturing Park (Phase II) project is expected to be 431 million yuan, with a planned investment of 360 million yuan from the raised funds.