Silin Zhiqu Plans Up to 1.8B Yuan Raise for Smart Manufacturing Base
Silin Zhiqu (a subsidiary of Silin Co.) announced a proposed private placement to raise up to 1.8 billion yuan. The funds will be allocated to a smart manufacturing base project for automotive components and robot components, as well as to replenish working capital. The move underscores the company's push into the robotics supply chain amid growing demand for automation components.