Tengya Precision: Proposes to raise no more than 120 million yuan through private placement for Tengya Precision Vietnam Power Tools Smart Manufacturing Project, etc.

2026-03-22 08:30:03

People’s Financial News, March 22 — Tengya Precision Engineering (301125) announced on March 22 that the company plans to raise no more than 120 million yuan (including issuance costs) through a simplified issuance of shares to specific targets. After deducting issuance costs, the funds will be used for Tengya Precision Engineering’s Vietnam Power Tools Manufacturing Project, Tengya Precision Engineering’s Anhui Garden Tools Manufacturing Project, and to supplement working capital.

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