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Sieyuan Electric (002028.SZ) announced it will invest 100 million yuan of its own funds to increase capital in its wholly-owned subsidiary Jiangsu Sieyuan High Voltage Switch Co., Ltd. to build a new production line for enclosed switchgear in Ruga, aiming to increase capacity and reduce costs.
“本次增资事项是为了在如皋新建封闭开关设备的生产线”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.