Zhitong Finance App News, Yongmaotai (605208.SH) announced that the company plans to issue A-shares to specific targets, raising no more than 998 million yuan (including capital). The net amount raised after deducting issuance fees will be used for: magnesium alloy precision parts intelligent manufacturing projects, Mexican auto parts intelligent manufacturing base construction projects, intelligent equipment precision parts research and development projects, and supplementary liquidity projects.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.