Zhitong Finance App News, Wanlang Magnetic Plastics (603150.SH) announced that the company plans to issue A-shares to specific targets, raising no more than 564 million yuan (inclusive). After deducting issuance fees, all will be used for: smart home appliance component expansion construction projects, smart home appliance expansion construction projects, polymer modified material production line construction projects, high-performance magnetic material pilot platform construction projects, acquisition of minority equity projects of holding subsidiaries, and supplementary working capital.

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.