Yingxin Development (000620.SZ) plans to raise no more than 1.779 billion yuan through a private placement, which will be used for advanced packaging and testing and storage module manufacturing projects, among others.

Zhitong Finance APP reported that Yingxin Development (000620.SZ) has released a plan for the issuance of A shares to specific objects in 2026. The total amount to be raised through this stock issuance is expected to not exceed 1.779 billion yuan. After deducting issuance expenses, the funds will be used for the following projects: advanced packaging and testing, and storage module manufacturing project, research and development of memory controller chips, replenishment of working capital, and repayment of bank loans.