Ferrotec's Chinese subsidiary secures investment for power semiconductor business

Ferrotec Holdings Corporation announced its Chinese subsidiary, Anhui Furuide Technology Development Co., Ltd. (FTSVA), has successfully completed a third-party allocation of new shares. This capital raise will support FTSVA's power semiconductor substrate development and manufacturing. The newly issued shares, totaling 21,939,831, are expected to be listed on September 4, 2025.

The shares were allocated at 35.67 yuan per share, raising a total of 782,593,771.77 yuan in capital. This transaction will increase FTSVA's capital by 21,940 thousand yuan, bringing its total capital after the increase to 743,008 thousand yuan.

Thirteen investors participated in the allocation, with major contributors including Wuxi Jinzhou Investment Management Co., Ltd., Huafu Ruixing Investment Management Co., Ltd., and Taizhou Chengtou Fengshou No.1 Equity Investment Partnership (Limited Partnership), each acquiring a 0.11% stake for 30,000,000 yuan. Other investors also contributed significant capital, with various stakes ranging from 0.11% to 0.53%.