ACM Research (Shanghai), Inc. announces private placement of 43,570,740 ordinary shares at an issue price of CNY 103.280321 per ordinary share for gross proceeds of CNY 4,500,000,000 on January 25, 2024. The transaction is subject to the approval of ACM Shanghai?s shareholders, the review process by the Shanghai Stock Exchange, and the registration process by the China Securities Regulatory Commission. This issuance is targeted to no more than 35 investors.
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