On October 16, Xingfu Electronics disclosed the proposal for its 2026 issuance of A-shares to specific targets via the simplified procedure. The company plans to issue shares to no more than 35 specific targets, with total proceeds raised not exceeding RMB 260 million. After deducting issuance expenses, all funds will be invested in the "40,000 tons/year Electronic-Grade Phosphoric Acid Project."
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