FORE plans to raise no more than 730 million yuan through a private placement for the intelligent manufacturing project of precision power gears for new energy vehicles, among other uses
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FORE plans to raise no more than 730 million yuan by issuing A-shares to specific targets. The funds will be used for the intelligent manufacturing project of precision power gears for new energy vehicles, the next-generation precision transmission manufacturing project, the construction of a precision transmission R&D center, and to supplement working capital. The specific targets participating in the subscription include the company's actual controllers Wang Youli, Huang Weihong, and the controlling shareholder FORE Transmission, with a total subscription amount of no less than 70 million yuan
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