---
title: "HENGHUI Technology: Using the oversubscribed funds of 75.518 million yuan to invest in the construction of a multifunctional smart IoT warehousing center project"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253450568.md"
description: "HENGHUI Technology announced that the company plans to use part of the over-raised funds of RMB 75.518 million from its initial public offering to invest in the construction of the \"Multi-functional Smart IoT Storage Center\" project, aimed at improving logistics efficiency, reducing operating costs, and meeting the demand for the company's business scale growth. The project implementation period is 10 months, with the construction of a new 16,000㎡ multi-functional smart storage center. This investment does not constitute a related party transaction, nor does it constitute a major asset restructuring"
datetime: "2025-08-18T11:18:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253450568.md)
  - [en](https://longbridge.com/en/news/253450568.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253450568.md)
---

# HENGHUI Technology: Using the oversubscribed funds of 75.518 million yuan to invest in the construction of a multifunctional smart IoT warehousing center project

HENGHUI Technology announced that the company plans to use part of the over-raised funds of 75.518 million yuan from its initial public offering to invest in the construction of a "Multi-functional Smart IoT Warehouse Center" project, aimed at improving logistics efficiency, reducing operating costs, and meeting the demand for business scale growth. The project implementation period is 10 months, with the construction of a new 16,000㎡ multi-functional smart warehouse center. This investment does not constitute a related party transaction, nor does it constitute a major asset reorganization

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