Fuxin Tech launches first refinancing since IPO, plans to raise 270 million yuan for Micro TEC expansion
Fuxin Technology (688662.SH) announced on September 22, 2026, a plan to raise up to 270 million yuan via a private placement of A-shares to up to 35 investors. Proceeds will fund a Micro TEC production project (150 million yuan), technology upgrades (40 million yuan), and working capital (80 million yuan). The plan requires shareholder, Shanghai Stock Exchange, and CSRC approval.
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Fuxin Technology Plans Up to 270 Million Yuan Private Placement for Micro TEC Project
Fuxin Technology announced on September 22, 2026, a plan to issue A-shares to up to 35 specific investors, raising no more than 270 million yuan (net of expenses). The funds will be allocated to three projects: 150 million yuan for a Micro Semiconductor Thermoelectric Cooling Device (Micro TEC) production and construction project, 40 million yuan for technology upgrade and informatization, and 80 million yuan for working capital. The issuance price will be at least 80% of the average trading price over the 20 days before the pricing date, with a six-month lock-up period. The plan is subject to shareholder approval, Shanghai Stock Exchange review, and China Securities Regulatory Commission registration. The report is AI-generated and not investment advice.
Read sourceFuxin Technology Plans Private Placement to Raise Up to 270 Million Yuan
On September 22, Fuxin Technology announced a plan to issue shares to specific investors through a competitive bidding process, targeting no more than 35 investors. The company will issue up to 34.4117 million shares, representing 30% of its total pre-issuance shares of 114.7056 million. The issue price will be at least 80% of the average trading price over the 20 trading days before the pricing reference date, which is the first day of the issuance period. The new shares will have a six-month lock-up period. The total funds raised will not exceed 270 million yuan (including expenses). After deducting issuance costs, the net proceeds will be fully allocated to: a micro semiconductor thermoelectric cooling device (MicroTEC) production construction project (150 million yuan), a technology upgrade and informatization project (40 million yuan), and working capital supplementation (80 million yuan). The announcement was sourced from Southern Finance Network.
Read sourceFuxin Technology Plans Private Placement of Up to 270 Million Yuan for Micro TEC Project
Fuxin Technology (688662.SH) announced on September 22 that it plans to issue A-shares to specific investors, raising no more than 270 million yuan (approximately 270 million yuan). The proceeds, after deducting issuance costs, will be used for a micro semiconductor thermoelectric cooling device (Micro TEC) production and construction project, a technology transformation and information upgrade project, and to supplement working capital. The announcement was reported by Caixin's Cailianshe.
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Fuxin Technology Plans Private Placement to Raise Up to 270 Million Yuan for Micro TEC Project
Fuxin Technology (stock code: 688662) announced on September 22 that it plans to issue shares to specific investors to raise up to 270 million yuan (approximately $38 million). The proceeds, after deducting issuance expenses, will be allocated to three projects: a micro semiconductor thermoelectric cooling device (Micro TEC) production and construction project, a technology transformation and information upgrade project, and a working capital supplement project. The announcement was reported by People's Financial News on September 22 and sourced from Stockstar Securities News. The company is listed on the Shanghai Stock Exchange's STAR Market (科创板).
Read sourceFuxin Technology Plans Private Placement of Up to 270 Million Yuan for Micro Thermoelectric Device Project
Fuxin Technology, a semiconductor company, announced on September 22 that it plans to conduct a private placement to raise up to 270 million yuan. The funds will be used for a micro semiconductor thermoelectric cooling device production and construction project, among other purposes. The issuance will target no more than 35 investors, with a maximum of approximately 34.4117 million shares, representing up to 30% of the company's total share capital before the issuance. The pricing benchmark date is the first day of the issuance period, and the issue price will be no less than 80% of the average trading price of the company's A-shares over the 20 trading days before that date. Shares acquired in this placement will be subject to a six-month lock-up period. The plan is subject to approval by the company's shareholders' meeting, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. The article notes that it is AI-generated and does not constitute investment advice.
Read sourceFuxin Tech launches first refinancing since IPO, plans to raise 270 million yuan for Micro TEC expansion
Fuxin Technology (688662) announced on September 22 its first refinancing since its IPO in 2021, planning to raise up to 270 million yuan through a private placement to up to 35 specific investors. The funds will be used for three projects: 150 million yuan for a Micro TEC (micro semiconductor thermoelectric cooler) production expansion, 40 million yuan for technology upgrades, and 80 million yuan for working capital. Micro TEC, described as the 'temperature control heart' of optical modules, is seeing surging demand driven by AI computing infrastructure and high-speed optical module deployment. The company's Micro TEC revenue in the first half of 2026 reached 56.16 million yuan, up 145.96% year-on-year. The project, to be implemented by a subsidiary in Foshan, will add annual capacity of 42 million units over three years. The company warned of potential earnings per share dilution due to the increased share count.
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