Yunzhongma (603130.SH) plans to raise no more than 640 million yuan through private placement.

"Zhtng Cijng APP News: Ynzhng M (603130.SH) has announced plans to issue A-shares to specific targets, raising a total of no more than 640 million yuan. After deducting issuance expenses, all funds will be used for the annual production of 135,000 tons of DTY silk and 120,000 tons of high-performance PU base fabric project."