Zhejiang Fenglong Electric to issue new shares to raise CNY 233 million

Zhejiang Fenglong Electric Co., Ltd. recently announced guidelines for shareholders of the 22.22 million new shares it plans to issue in the future to raise Chinese yuan (CNY) 233 million. The fund is going to be used for three new capital investment plans, including the one to invest CNY 65 million in adding new fac....

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