The Zhitong Finance App learned that Zhejiang Shibao (01057) rose more than 3%. As of press release, it had risen 2.94% to HK$4.02, with a turnover of HK$31.1932 million.

According to the news, Zhejiang Shibao recently announced that the company plans to issue A-shares to no more than 35 (including 35) specific targets, raising no more than 1,394 billion yuan. The net amount raised is intended to be used for automobile wire control steering system industrialization projects, passenger car next-generation intelligent transfer system industrialization construction projects, automotive electronics PPK product intelligent technology transformation projects, wire control steering and corner module system R&D capacity building improvement projects and supplementary working capital.

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