Fujian Acetron New Materials (300706.SZ) plans to raise funds through private placement of not more than 900 million yuan.

Fujian Acetron New Materials (300706.SZ) announced that the company plans to issue shares to specific targets, raising a total amount of funds not exceeding 900 million yuan (including this number). The net amount after deducting issuance expenses will be used entirely for: optical mask sheet material project, ultra-high purity semiconductor target material project, semiconductor material research and development project, supplementary working capital, and repayment of bank loans.