Jinfei Kaida plans to raise up to 295 million yuan for forged aluminum alloy wheel project

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Jinfei Kaida has released its 2026 plan for a simplified private placement of shares to specific investors, aiming to raise total proceeds of no more than 295 million yuan. After deducting issuance expenses, the funds will be used for an intelligent manufacturing production line with an annual capacity of 600,000 forged aluminum alloy automotive wheels, as well as repaying bank loans.

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