Fengmao Technology plans to adjust the excess raised funds of 20 million yuan for the production base of the intelligent chassis thermal control system (Phase I)
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According to the Zhitong Finance APP, Fengmao Technology announced that the company plans to adjust part of the oversubscribed funds of 20 million yuan for the "Intelligent Chassis Thermal Control System Production Base (Phase I) Project." The project will be implemented in the Yuyao Industrial Park, Lanjing Urban Industrial Park, and will mainly build a production base for thermal management systems, air suspension systems, and sealing system products. The total investment for the project is expected to be 601 million yuan. The construction period for the project is 2 years
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