Neway Valve (603699.SH): Plans to invest 0.5 billion yuan in the Neway Fluid Phase II expansion project.

On January 8, Gelonghui reported that Neway Valve (603699.SH) announced that, based on the current market demand situation and considering that the space of the existing factory and production equipment may restrict the production capacity of industrial valves; therefore, to improve the production capacity of industrial valves and enhance the responsiveness and supply ability of Orders in order to better meet market demand, the company's subsidiary Neway Fluid Control (Suzhou) Co., Ltd. (referred to as "Neway Fluid") plans to carry out the "Neway Fluid Phase II Expansion Project," with an investment of no less than 0.5 billion yuan, funded by the company's own resources.

Gelonghui FinanceJan 8 03:13 ET

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