Hengli Hydraulic plans CNY5 billion private placement to fund expansion

Hengli Hydraulic plans to issue new shares to as many as 35 institutional investors to raise CNY5 billion (USD773 million), with funds going to projects in Mexico, Changzhou and working capital.

“Hengli Hydraulic will issue new shares to as many as 35 institutional investors, the Changzhou, Jiangsu province-based firm said late yesterday.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Hengli Hydraulic Gains on Plans for USD773 Million Private Placement, New Mexican PlantSep 1, 2021

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