Real Safety Technology intends to raise funds of 85.84 million for project construction

On June 14, the company confirmed that the company intends to issue shares of no less than 17,767,400 shares (inclusive) at the price of 4.66 yuan to 5 yuan per share. It is expected that the raised capital will not exceed 85.8669 million yuan (inclusive).

According to the announcement, the company plans to establish a wholly-owned subsidiary in Haining City, Zhejiang Province, to establish a Haining project base. The planned increase in funding is expected to be 40 million for Haining’s renovation and 40 million for purchasing test equipment.

According to the Rhinoceros Star App, Changan Science and Technology provides integrated circuit testing, integrated circuit design, manufacturing and packaging to third-party IC testing services. The company's 2017 revenue was 63.05 million yuan, and its net profit was 2.27 million yuan.

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