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Jinchen Machinery to raise no more than RMB380 million for HJT-battery-purpose PECVD equipment project

Jinchen Machinery recently announced that its application for private placement has been approved by China Securities Regulatory Commission. The company plans to issue no more than 31,733,800 shares to raise no more than RMB380 million (USD58.03 million) for its HJT-battery-purpose PECVD equipment project and also to supplement working capital.