Licheng (6239), a leading player in memory packaging and testing, recently announced that its board of directors approved a private placement of common stock at 75 yuan per share. The shares will be sold to Tongfang Guoxin, a subsidiary of Ziguang Group, specifically for the Tibet expansion project managed by Chuangxin Investment Company. The company emphasized that the private placement price aligns with the resolution passed by shareholders on January 15. Ziguang Group's current shareholding situation still requires approval from the Ministry of Economic Affairs. This matter will also be reviewed by the new government, particularly concerning Ziguang's involvement in counterfeit goods and Nanmao-related activities. Licheng's closing price on the previous trading day was 66.6 yuan, marking an increase of 1.2 yuan. This positive movement reflects investor confidence in the company’s strategic direction and long-term growth potential. With its strong presence in the semiconductor and electronics sectors, Licheng continues to position itself as a key player in the industry.

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