Is Capacity Expansion Too Aggressive? Logic Behind Rongda Photosensitive's $82M Private Placement

In April, I passed by a PCB factory production line in Zhuhai. The equipment in the workshop was being debugged, but there were only a few orders on the work tickets. Workshop director Old Zhang complained to me that the newly installed photosensitive material production line was "starving while waiting for materials." I didn't think much of it at the time, until I saw Rongda Photosensitive's private placement announcement, which connected the dots for me.