Xin Qianglian (300850.SZ) plans to raise a total of no more than 1.5 billion yuan through a private placement.

Zhtng Cijng APP news, Xinqinglin (300850.SZ) announced that the company plans to issue stocks to specific targets, with a total fundraising amount not exceeding 1.5 billion yuan (including the face value). The net fundraising amount, after deducting issuance expenses, will be used for the construction project of 6MW and above high-power wind turbine main bearings, yaw bearings, and components, as well as for supplemental working capital.