On 15 January, BOE announced that the company planned to raise no more than RMB20 billion (USD3.09 billion), including share capital but excluding issues expense, by issuing private shares. The funds after deducting the issuing expense will be invested in acquisition of 24.06% equities of Wuhan BOE Photoelectric, capital increase in Chongqing BOE Display and construction of BOE Chongqing Generation-6 AMOLED (flexible) production line project, capital increase in Yunnan Chuangshijie Photoelectric and construction of 12-inch silicon-based OLED project as well as capital increase in Chengdu BOE Hospital and construction of Chengdu BOE Hospital project, and used to repay loans of Fuzhou Urban Construction Investment Group and supplement working capital.