On October 16, Xingfu Electronics disclosed the preliminary 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 not exceeding RMB 260 million. After deducting issuance expenses, the raised funds will be fully allocated to the "40,000 tons/year Electronic-Grade Phosphoric Acid Project."
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