Victory Precision announces private placement for magnesium alloy products project
2024-12-26 15:19:12 [Print]
Suzhou Victory Precision Manufacture Co
. , Ltd . announced a plan to raise funds of up to RMB1 . 95 billion (USD267 million) in a private placement for several projects including the vehicle-mounted magnesium alloy products capacity expansion project, which will be implemented by Anhui Victory Precision Manufacture Co . , Ltd . , a wholly-owned subsidiary of Victory Precision . When completed, the project will add annual production capacity of 9 . 78 million sets of vehicle-mounted magnesium alloy product.