Domestic 12-inch silicon wafer leader Xi'an Yicai (688783.SH) plans to publicly issue 538 million shares.

Financial news from Zhitong Finance APP, Xi'an Yigcai (688783.SH) disclosed its intention to issue a prospectus. The company plans to issue approximately 538 million shares this time, accounting for 13.32% of the total share capital of the company after this issuance. Senior management and core employees plan to participate in this strategic placement through asset management plans, with a total amount of strategic placement not exceeding 10% of this issuance, or 53.78 million shares; at the same time, the total subscription amount does not exceed 153.28 million yuan, and the final number of strategic placements will be determined after the issuance price is determined on T-2 day. The sponsor institution will arrange for its subsidiary, CICC Investment, to participate in the strategic placement of this issuance, with an initial follow-up rate expected to be 5% of the total issuance, or 26.89 million shares. The preliminary inquiry date for this issuance is October 13, 2025, the subscription date is October 16, 2025, and the company will apply for listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board as soon as the issuance is completed.