National Manufacturing Transformation Fund plans to invest in Huazhong Numerical Control

Huazhong Numerical Control (华中数控) plans to raise 857 million yuan through a private placement, with the National Manufacturing Transformation Fund (国家制造业转型升级基金) as one of the investors. The funds will be used for high-end CNC system technology upgrades, capacity expansion, and infrared product industrialization.

“华中数控拟定增募资8.57亿元，投入高性能数控系统技术升级及扩产能项目、红外产品产业化项目和补充流动资金。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com国家制造业转型升级基金拟入股华中数控Mar 15, 2020

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