Zhitong Finance App News, Moen Electric (002451.SZ) issued an announcement. In order to make full use of Thailand's location and resource advantages and the company's own technical advantages, actively lay out overseas production capacity to respond flexibly to the complex and changing international trade environment, radiate the North American and Southeast Asian markets, and promote the company's business development in the international market, the company plans to increase the capital of the company's wholly-owned subsidiary with no more than 450 million yuan (or equivalent foreign currency) with its own capital or self-financing. After the capital increase is completed, the capital increase will be carried out in Thailand by an equivalent amount. The capital payments will Used to drive the construction of an overseas cable production base in Thailand.

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