JCET private placement planned to fund advanced packaging expansion
JCET announced a private placement of 6.5 billion yuan to fund advanced packaging expansion, with Citi analysts calling the fundraising plan strategically positive despite near-term shares dilution, per a note.
Citi analysts said JCET’s latest fundraising plan via a private placement is strategically positive, even though it may dilute shares in the near term. On Thursday, the Chinese chip packaging and testing provider announced a 6.5 billion yuan private placement to fund its advanced packaging expansion.