Zhejiang Yingfeng Technology (605055.SH) plans to raise funds through a private placement of no more than 522 million yuan.
Yingfeng Co., Ltd. (605055.SH) has announced that the company plans to issue shares to specific objects, raising a total amount of funds not exceeding 522 million yuan (including this amount). After deducting the issuance expenses, the net amount is planned to be invested in the following projects: upgrading and renovating old production lines and sewage treatment systems, the advantageous merger of Shaoxing Butai Textile Printing and Dyeing Co., Ltd., with an annual output of 129 million meters of high-end printed and dyed fabrics, remote new construction project (Phase II), the construction project of a large R&D center, and the dyeing and finishing intelligent identification and analysis system project.
Zhejiang Yingfeng Technology (605055.SH) announced that the company plans to issue shares to specific objects and raise funds totaling not more than 522 million yuan (including the face value). After deducting issuance expenses, the net amount is intended to be invested in the following projects: upgrading and renovating old production lines and sewage treatment systems, acquiring and merging Shaoxing Butai Textile Printing and Dyeing Co., Ltd., with an annual production of 129 million meters of high-end printed and dyed fabrics, the construction of a new site project (phase two), the construction of a large research and development center, and the intelligent recognition and analysis system for dyeing and finishing project.
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