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Biwin Storage plans 4.5 bln yuan investment in wafer-level advanced packaging project Phase III
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Biwin Storage (688525.SH) announced on September 22 that it, along with its controlling subsidiary Guangdong Xinchenghanqi, plans to sign a cooperation agreement with the Dongguan Songshan Lake High-Tech Zone Management Committee to invest in the third phase of a wafer-level advanced packaging and testing manufacturing project. The total investment is approximately 4.5 billion yuan, including 4 billion yuan in fixed assets. The project does not involve new land acquisition and will be built within the original project's industrial land. The company stated that this investment is an expansion of production capacity based on the original project, with funding coming from its own and self-raised funds, and does not involve raised funds.
Source report
September 22 — Biwin Storage (688525.SH) announced that the company and its controlling subsidiary Guangdong Xinchen Hanqi plan to sign a cooperation agreement with the Administrative Committee of Dongguan Songshan Lake High-Tech Zone to invest in the construction of Phase III of a wafer-level advanced packaging and testing manufacturing project.
Key details of the announcement:
- Total investment: Approximately ¥4.5 billion, of which ¥4 billion will be allocated to fixed assets.
- Land use: The project does not involve new land acquisition; construction will take place within the existing industrial land of the original project.
- Funding sources: The investment will be financed through the company's own funds and self-raised capital, and does not involve the use of raised funds.
The company stated that this investment represents an expansion and capacity increase based on the original project.
Source
财联社Eastern