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Sanyou Electrical Appliances: Set to Raise Up to 660 Million Yuan for Relay Expansion Projects in Photovoltaic, Energy Storage, and Computing Power Industries
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Author：小编
On September 29, Sanyou Electrical Appliances unveiled its strategy to issue convertible corporate bonds to undisclosed investors, with the objective of securing a total sum of no more than 660 million yuan. Following the deduction of issuance costs, the proceeds will be earmarked for the expansion and industrialization of signal relays, the scaling up of relay production in the photovoltaic, energy storage, and computing power sectors, the establishment of a production base in Vietnam, the enhancement of magnetic latching relay capabilities, and the replenishment of working capital.
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