Galcore Micro (688728.SH) plans to raise no more than 4.2 billion yuan through a private placement for 12-inch CIS integrated circuit specialty process expansion projects, among others.

Zhitong Finance APP News, GalaxyCore (688728.SH) announced that the company plans to issue A-shares to specific targets, with total fundraising not exceeding 4.2 billion yuan (including this amount). The net fundraising amount after deducting issuance expenses will be used for: 12-inch CIS integrated circuit specialty process expansion project, high-performance high-pixel image sensor research and industrialization project, and supplementing working capital.