Ping An Electrical (001359.SZ) plans to raise no more than 1.3 billion yuan through a private placement of shares.

Zhitong Finance APP News, Ping An Electrical (001359.SZ) has released its 2026 plan for issuing A-shares to specific targets. The total amount of A-shares to be issued to specific targets this time shall not exceed RMB 1.3 billion (including this amount). The net proceeds raised after deducting relevant issuance expenses are intended to be used for the following projects: Thailand mica insulation material production base construction project, Thailand electronic fabric production base construction project, high-performance electronic fabric production base construction project, and supplementing working capital.