Luoyang Xinqianglian Slewing Bearing (300850.SZ) plans to raise funds through a proposed increase of no more than 1.5 billion yuan.
XinQianglian (300850.SZ) announced that the company plans to issue shares to specific targets, raising a total amount of funds not exceeding 1.5 billion yuan (including the face value). The net proceeds from the offering, after deducting issuance expenses, will be used for the construction project of large power wind turbine main bearings, yaw variable pitch bearings, and components of 6MW and above, as well as for supplementing working capital.
Luoyang Xinqianglian Slewing Bearing (300850.SZ) has issued an announcement that the company plans to issue shares to specific targets, with a total fundraising amount not exceeding 1.5 billion yuan (including the principal). The net proceeds of the fundraising after deducting issuance expenses will be used for the construction of projects for 6MW and above high-power wind turbine main bearings, yawning and pitch bearing components, and for supplementary working capital.
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