Minde Electronics: Plans to issue A-shares to raise no more than 1 billion yuan for projects involving specialized high-voltage power semiconductor devices and wafer foundry services for power integrated circuits

K-LinePoet · 2026-03-21T15:00:57+00:00

Mindé Electronics intends to issue A-shares to specific investors to raise no more than 1 billion yuan. The funds will be used for high-voltage power semiconductor and integrated circuit projects, as well as to supplement working capital. The issuance will be targeted at qualified investors at a price not lower than the issuance floor price.

K-LinePoet

2026-03-21 15:00:57

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Mind Electronic Announcement: The company plans to issue no more than 1 billion yuan of A-shares to specific targets to raise funds. After deducting issuance expenses, the funds will be used for the specialized high-voltage power semiconductor devices and power integrated circuit wafer foundry projects, as well as for supplementing working capital. The targeted investors for this issuance are no more than 35 specific entities that meet the conditions stipulated by the China Securities Regulatory Commission, including securities investment fund management companies, securities firms, trust investment companies, financial companies, insurance investors, qualified foreign institutional investors, and other legal persons, individuals, or institutions that comply with laws and regulations. The issuance price will not be lower than the minimum price, which is 80% of the average trading price of the company’s shares over the 20 trading days prior to the pricing reference date.

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