Meli Xing (301307.SZ) plans to raise no more than 1.2 billion yuan through private placement.

The Financial APP of Smart Finance News, Meilixin (301307.SZ) issued an announcement that the company intends to issue A-shares to specific investors, with a total amount of funds raised not exceeding 1.2 billion yuan (including this amount). The net proceeds after deducting issuance expenses will be used for the construction of precision structural components for semiconductor equipment, the industrialization project of soldering and die-casting for communication and automotive components, and the supplementary working capital project.