Gosuncn plans private placement to boost smart car capabilities

Gosuncn Technology Group [SZSE:300098] has announced its intention to proceed with a private placement of A shares, targeting a raise not exceeding CNY 373.72 million. The funds, net of issuance expenses, are earmarked for strategic initiatives including expanding production of connected vehicle communication products, establishing a research and operations center in Shenzhen, and replenishing working capital. The move aims to strengthen Gosuncn's position in the rapidly evolving smart car market by improving independent production capabilities, promoting technology upgrades, and guaranteeing supply chain stability.