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Xinwei Communications: Plans to issue stocks to specific targets to raise no more than 6 billion yuan, all of which will be invested in commercial satellite communication device and component projects, among others.
Xinwei Communications announces that the total amount of funds raised through the issuance of shares to specific targets will not exceed 6 billion yuan (including this amount).
The net proceeds after deducting issuance expenses will be fully invested in commercial satellite communication device and component projects, RF device and component projects, and chip heat dissipation and cooling device projects.