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Zhejiang Wanfeng Auto Wheel to raise CNY 2 billion to build new aluminum wheel plant

Zhejiang Wanfeng Auto Wheel Co., Ltd. announced on April 23, 2018, a plan to sell the stock of Chinese yuan (CNY) 2 billion, build a new plant that produces 2.2 million aluminum wheels a year, and acquire a 95% stake in Wuxi Xiongwei Jinggong Technology Co., Ltd. and a 51.02% stake in Zhejiang Wanfeng Industry Co., L....

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