
HongTeo Technology plans to issue no more than 4 shares for every 10 shares held, raising no more than 650 million yuan through the share placement

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HongTeo Technology plans to allocate shares to existing shareholders, with a maximum of 4 shares allocated for every 10 shares held, expecting to raise no more than 650 million yuan. The funds raised from this share allocation will be used for the construction of an automotive parts production base in Thailand, technological transformation of the Zhaoqing production base, construction of the headquarters R&D center, and to supplement working capital
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