Xinleineng announced that the company plans to issue A-shares to specific investors to raise total proceeds of no more than 1.787 billion yuan. After deducting issuance expenses, the funds will be used for the Shenzhen Leineng manufacturing base construction project, the Beijing motor and controller industrialization project, and to supplement working capital. Among them, the Shenzhen Leineng manufacturing base construction project has a total investment of 1.345 billion yuan, with 1.345 billion yuan planned to come from the raised funds. The Beijing motor and controller industrialization project has a total investment of 66.7526 million yuan, with 66.7526 million yuan planned to come from the raised funds. The working capital supplement project plans to use 375 million yuan from the raised funds.
Beijing Xinleineng Technology Co LtdPlans private placement to raise up to 1.787 billion yuan for manufacturing base and other projects.
