On June 3, Sieyuan Electric Co.,Ltd. (002028.SZ) announced that its controlling subsidiary, Jiangsu Rugao High Voltage Apparatus Co., Ltd., plans to invest in the "Rugao High Voltage Production Capacity Expansion Construction Project."
The total investment for the project is 600 million yuan, excluding land investment, with the funds to be sourced from the company's own capital.
The purpose of this investment is to meet the production capacity requirements for its switchgear business, expand market share, and enhance core competitiveness. The investment does not constitute a connected transaction or a major asset reorganization.
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