Xinwei Communication: Plans to raise no more than 6 billion yuan through additional issuance to fund projects such as commercial satellite communication devices and components

People’s Financial News, March 13 — Xinwei Communications (300136) announced on March 13 that the company plans to issue shares to specific investors with a total expected fundraising of no more than 6 billion yuan. The funds will be used for commercial satellite communication device and component projects, RF device and component projects, and chip heat dissipation device and component projects.

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