# 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.

- Type: Investment
- Announced: 2021-08-31
- Where: Changzhou, Jiangsu, China
- Value: $773.0M (5.00B CNY)
- Status: announced
- Products: hydraulic gear and systems, electric cylinders, hydraulic pumps and valves
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hengli Hydraulic](https://endata.com/companies/2903.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/hengli-hydraulic-soars-on-usd773-million-private-placement-plan-to-fund-mexico-plant), 2021-09-01: "Hengli Hydraulic will issue new shares to as many as 35 institutional investors, the Changzhou, Jiangsu province-based firm said late yesterday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.