Huitong Holding: Intends to Revise Several Fund-Raising Investment Initiatives, Scaling Back Investment by 80 Million Yuan for a Novel Project
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Author:小编   

On October 26, Huitong Holding disclosed its intention to recalibrate a portion of its fund-raising investment endeavors. Specifically, the company aims to curtail the allocated funds for the "Automotive Trim Parts Expansion and Construction Project" from 202 million yuan to 122 million yuan. The 80 million yuan reduction will be redirected towards the "Wuhu Jinmei Annual Production of 900,000 Sets of High-End New Energy Vehicle Styling Components and Acoustic Products Project." This particular project is slated for execution by Wuhu Jinmei Automotive Components Co., Ltd., a wholly-owned subsidiary situated in the Jiangbei region of the Wuhu Economic and Technological Development Zone. Once finalized, the project is anticipated to possess the production capacity of 900,000 sets of associated products annually. Moreover, it has secured a place on Anhui Province's roster of pivotal projects for the year 2026.