Weiteng Electric (688226.SH) plans to raise no more than 300 million yuan through a private placement.

Wintom's financial news APP reports that Weiteng Electric (688226.SH) has announced that the company plans to raise no more than 300 million yuan through a private placement. After deducting issuance expenses, the funds will be used for the following purposes: high-voltage bus intelligent manufacturing project, energy-saving transformer intelligent manufacturing project, and supplemental working capital.