On December 12, Titan Wind Power unveiled its strategy to issue shares to a select group of investors, aiming to raise a maximum of 1.95 billion yuan. The proceeds from this private placement will be earmarked for several key initiatives: the expansion of the Changfeng New Energy Equipment Manufacturing Base; the Tianshun (Sheyang) Wind Power Offshore Engineering Intelligent Manufacturing Project (Phase II); the Tianshun (Yangjiang) Heavy-Duty Wind Power Offshore Engineering Equipment Intelligent Manufacturing Project (Phase I); the #J8 Berth Wharf Project located in the Jishu Operation Area of Yangjiang Port; the acquisition of specialized transport vessels; and to bolster the company's working capital.
