Medical company Xiangyu (688626.SH) plans to raise funds through private placement not exceeding 1.366 billion yuan.

Wise Finance APP News, Xiangyu Medical (688626.SH) announced that the company plans to issue A shares to specific targets, raising a total amount of funds not exceeding 1.366 billion yuan (including the original share capital). The net proceeds from the fundraising, after deducting issuance expenses, are planned to be used for: rehabilitation medical innovation product research and development projects and supplementing working capital.