Wuhan MEMSonics New Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 200 million on December 20, 2021. The transaction will include participation from new investor Ningbo Cixing Co.,Ltd. for an equity stake of 12.50%. The transaction has been approved at the thirteenth meeting of the fourth board of directors and the twelfth meeting of the fourth board of supervisors.
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- Wuhan MEMSonics New Technology Co., Ltd. announced that it expects to receive CNY 200 million in funding from Ningbo Cixing Co.,Ltd.