Rongtai Shares Approved to Raise Up to 1.05 Billion Yuan for NEV Intelligent Manufacturing

Publicado: Dec 13, 2024 17:53

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【Rongtai Shares Approved to Raise 1.05 Billion Yuan】Jiangsu Rongtai Industrial Co., Ltd. recently announced that its application for a private share issuance has been approved by the China Securities Regulatory Commission, which agreed to register the issuance. The number of shares to be issued will not exceed 55,823,944, and they are planned to be listed on the main board of the Shanghai Stock Exchange. The total amount of funds to be raised will not exceed 1.05 billion yuan, which will mainly be used for intelligent manufacturing projects of NEV components and to supplement working capital. According to the plan, the company will construct new plants and introduce advanced domestic and international production equipment such as die-casting machines, heat treatment furnaces, and machining centers to build production lines for NEV aluminum alloy parts, three electric systems, structural components, and integrated die castings.

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