Sieyuan Electric Co., Ltd. (SZSE: 002028) has announced plans to inject a minimum of 400 million yuan in capital from its own funds into its wholly-owned subsidiary, Jiangsu Sieyuan New Energy Technology Co., Ltd.
The capital increase is designated for expanding production capacity for supercapacitors and related products.
This investment is expected to enhance the company's production and delivery capabilities within its supercapacitor business segment, facilitate entry into new markets, increase market share, and strengthen the company's core competitiveness and capacity for sustainable development.
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