PVTIME – On 16 January 2024, Yingkou Jinchen Machinery Co.,ltd.(Jinchen, 603396.SH), a China-based provider of PV equipment, announced that its application to issue A shares has been approved by the Shanghai Stock Exchange.
Jinchen planned to issue 22,527,596 shares with a total value of 999,999,986.44 yuan (US$138,999,998.12). The actual issue is estimated to be 979,829,677.57 yuan (US$136,196,325.18) after deducting the issue fee of 20,170,308.87 yuan (US$2,803,672.93).
The funds raised will be used to support Jinshen’s manufacturing base in East China, the mass production of PVD equipment for high-efficiency HJT cells and working capital requirements.
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