FilingReader Intelligence
Sineng Electric raises 1.6bn yuan for inverter expansion
August 5, 2025 at 05:29 PM UTC•By FilingReader AI
Sineng Electric plans to raise up to 1.65 billion yuan through a private placement to fund expansion projects. The company will invest 888.6 million yuan in a 25GW string PV inverter project and 610 million yuan in a 15GW energy storage converter project.
Controlling shareholder Wu Qiang will subscribe for 50 million yuan in shares, with 150 million yuan allocated for working capital.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SZSE:300827•Shenzhen Stock Exchange
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