Newtechwood Corporation (301588.SZ) plans to raise no more than 450 million yuan through a private placement of shares.

21:27 31/07/2026

Meixin Technology (301588.SZ) has announced its plan for a private placement of A-shares for the year 2026, aiming to raise no more than 450 million yuan (including this amount). The net proceeds from the fundraising, after deducting issuance costs, will be used for the following projects: Guangdong Meijia new eco-friendly plastic-wood composite materials project, SPC & RPC intelligent production line construction project for flooring and wall panels, replenishment of working capital, and repayment of bank loans.

Newtechwood Corporation (301588.SZ) announced its plan to issue A shares to specific investors for the year 2026. The total amount of funds to be raised through this issuance is not expected to exceed 450 million yuan (including the principal amount). The net funds raised, after deducting issuance costs, will be used for the following projects: the Guangdong Meijia new type of environmental-friendly plastic wood composite materials project, the smart production line construction project for SPC & RPC flooring and wall panels, as well as to supplement working capital and repay bank loans.

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