Hangcha Group to Raise Up to 2.259 Billion Yuan for Forklift Robot Projects
Hangcha Group (603298) announced on September 15 that its board has approved a plan to issue convertible bonds to unspecified investors. The total amount will not exceed 2.259 billion yuan, with a six-year term.
The funds are designated for four purposes: constructing a smart factory for forklift robots, expanding new energy forklift production, conducting R&D on forklift and logistics robots, and supplementing working capital.
This move underscores Hangcha's commitment to advancing automation and clean energy in the material handling sector. The smart factory and R&D projects are expected to accelerate the development of intelligent logistics solutions.
The convertible bond issuance is subject to regulatory approvals and market conditions. If successful, it will provide substantial capital for Hangcha to strengthen its position in the competitive forklift and robotics market.