Xiangyu Medical Announces Plan to Issue A-Shares to Specific Investors, Raising Up to RMB 1.366 Billion

Gelonghui, June 18 | Sunnyou (688626.SH) announced that its board of directors has approved a plan for the private placement of A-shares, aiming to raise no more than RMB 1.366 billion. The net proceeds, after deducting issuance expenses, will be used for the research and development of innovative rehabilitation medical products and to supplement working capital.