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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 plans a CNY1.2 billion project in Santa Catarina, Nuevo Leon, Mexico, with annual capacity for oil cylinders, special cylinders and hydraulic pumps and motors. No construction schedule was given.
Hengli Hydraulic announced plans to invest 500 million yuan of its own funds in phase two of its casting project in Wujin, Changzhou, to add 30,000 tons per year of hydraulic castings capacity, with a one-year build period.
Hengli Hydraulic announced plans to invest 500 million yuan of its own funds in phase two of its hydraulic casting project in Wujin, Changzhou, adding 30,000 tonnes a year of capacity. The announcement was made on 28 February 2018 and the build takes one year.
