Shen Kai Group: intends to raise up to 220 million yuan through a private placement for projects such as a high-end marine engineering equipment manufacturing base.

Shin Kai Co., Ltd. announced that the company plans to issue shares to specific investors through a simplified process to raise a total of no more than 220 million yuan for the construction of a high-end marine engineering equipment manufacturing base project, the acquisition of a 51% stake in Blue Ocean Intelligence, and to supplement working capital.