Wuxi Shengbang Electronics Co., Ltd. announced that it will raise CNY 1,193,106.51 in an equity round of funding on November 15, 2022. The transaction will include participation from Shanghai Sinotec (Group) Co., Ltd. The transaction has been approved by the board of directors in the 24th session of the companyÆs 2nd directorate. The expected deal closing date is November 20, 2022.