Jiangsu Yawei Machine Tool Plans To Raise Fund Via Share Private Placement

About this update from Jiangsu Yawei Machine Tool Co., Ltd. Class A

Jiangsu Yawei Machine Tool Co Ltd SZSE:002559:SAYS CO PLANS TO RAISE UP TO 719.0 MILLION YUAN ($101.11 million) VIA SHARE PRIVATE PLACEMENT TO FUND PROJECT, REPLENISH CAPITAL AND REPAY BANK LOAN($1 = 7.1112 Chinese yuan renminbi)

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