Meidental (688079.SH) plans to raise no more than 700 million yuan through private placement.

The Smart Financial and Economic News App reports that MediCare (688079.SH) has announced that the company plans to issue shares to specific targets, raising a total of no more than 700 million yuan (including this amount). The net proceeds are intended to be invested in: MEMS device optical system manufacturing project, semiconductor process bonding prism industrialization project, and supplementary working capital.