Kelin Electric (603050.SH) plans to raise funds through private placement of no more than 1.5 billion Yuan for supplementing working capital.

Wisdom Finance APP News, Kolin Electric (603050.SH) disclosed the plan to issue A shares to specific targets. The subscription target for this issuance is Shijiazhuang Hisense Energy Holdings Co., Ltd., which will subscribe to all the shares issued to specific targets with its own funds or legally raised funds in cash. The total amount of funds raised in this issuance to specific targets is not more than 1.5 billion yuan, which will be used to supplement working capital after deducting issuance expenses.