Beijing Junzheng plans to invest 200 million yuan to increase its capital in Rongxin Semiconductor

On March 27, Beijing Junzheng (300223.SZ) announced that the company plans to use its own funds of 200 million yuan to increase the capital of Rongxin Semiconductor (Ningbo) Co., Ltd., subscribing for an additional registered capital of 6.436 million yuan. Based on the 4 billion yuan total capital increase scale in this round, after the capital increase is completed, the company will hold approximately 1.91% equity in Rongxin Semiconductor. This investment in Rongxin Semiconductor is part of the company’s layout of the semiconductor upstream supply chain, which will help the company better expand upstream supply chain resources.

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