Shiyan Taixiang Redirects IPO Funds to New Automotive Parts Project

Published: Apr 10, 2026 17:34

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According to reports, on April 8, Shiyan Taixiang Industrial Co., Ltd. announced its approval to terminate the original IPO-funded project "Hongma Technology R&D Center Construction Project" and redirect the unused raised funds to a new project, "Automotive Parts Intelligent Manufacturing Technological Transformation Project," to further optimize the efficiency of raised fund utilization and better align with the company's actual business development needs.

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