Jiangsu Rongtai Industrial Co., Ltd. (referred to as Rongtai) announce

Published: Jan 26, 2024 09:26

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Jiangsu Rongtai Industrial Co., Ltd. (referred to as Rongtai) announced that it received a notification from the Shanghai Stock Exchange on January 24, accepting and conducting a legal review of Rongtai's prospectus for the issuance of securities by a listed company on the main board of the Shanghai Stock Exchange and related application documents. The announcement stated that the total amount of funds to be raised in this stock issuance is not more than 1.05 billion yuan, which will be used for investment in the intelligent manufacturing project of new energy vehicle components and supplementary working capital. The project will mainly focus on the construction of new energy vehicle aluminum alloy components for the three-electric systems, structural components, and integrated die-casting production lines. The project plans to build new plant buildings and introduce advanced die-casting machines, heat treatment furnaces, processing centers, and other automated production equipment from both domestic and foreign markets.

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