Zhejiang Huaye: Plans to invest 1.492 billion yuan to build the Mu'ao production base project

K-LinePoet · 2026-03-22T18:24:21+00:00

Zhejiang Huaye announced plans to invest 1.492 billion yuan to build the Muao Production Base, which will be divided into Phase 1 and Phase 2 projects. Phase 1 has a total investment of 398 million yuan and has been approved by the shareholders' meeting; Phase 2 plans to invest 1.094 billion yuan and is currently in the project initiation and review stage, still requiring approval from the shareholders' meeting and the completion of relevant approval procedures.

K-LinePoet

2026-03-22 18:24:21

Abstract generation in progress

Zhejiang Huaye announced that the company plans to invest 1.492 billion yuan to build the Mu’ao production base project, which is divided into an approved Phase I project and a planned Phase II project. The total investment for Phase I is 398 million yuan, of which 227 million yuan will be raised funds, and it has been approved by the shareholders’ meeting and other authorities. The planned total investment for Phase II is 1.094 billion yuan, aimed at increasing the production capacity of screws, barrels, and collet bars to break through current capacity bottlenecks. The Phase II project still needs to be approved by the company’s shareholders’ meeting and is currently in the internal project approval and review stage. No bidding, business negotiations, or contract signing has been carried out yet, and the project still needs to undergo approval procedures such as environmental impact assessment, safety assessment, and energy assessment.

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