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.
JCET's latest fundraising plan via a private placement is strategically positive despite near-term shares dilution, Citi analysts say in a note.
On Thursday, the Chinese chip packaging and testing provider announced 6.5 billion yuan of private placement to fund its advanced packaging expansion.
The…