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Hongde (301163.SZ) board approved using over-raised funds for a 165 million yuan project in Tongzhou, Jiangsu, to build small and medium high-end components. The project is expected to add 15,000 tonnes per year of key parts for wind power and pumps and valves.
“项目完成后,新增年产15,000.00吨风电、泵阀等关键零部件的产能。”zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.