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Meixin Technology Plans Private Placement to Raise Up to 450 Million Yuan for Plastic-Wood Composite Projects
Meixin Technology announced plans to issue shares to specific investors, raising no more than 450 million yuan. The funds will be used for the Guangdong Meijia new environmentally friendly plastic-wood composite material project, the SPC and RPC flooring and wall panel intelligent production line construction project, and to supplement working capital and repay bank loans. At the same time, the company decided to terminate the shareholders' meeting authorization for the board of directors to issue shares to specific investors through a simplified procedure.