China Machinery Heavy Equipment announced that the company plans to issue A-shares to specific targets. The total capital raised will not exceed 444 million yuan. After deducting issuance fees, all will be used to supplement working capital. The issuance target will be China Machinery Group and all shares will be purchased in cash. The issuance plan has been reviewed and approved by the board of directors, and procedures such as state-owned assets approval, shareholders' meeting review, Shanghai Stock Exchange review, and China Securities Regulatory Commission registration are still required.

China Machinery Heavy Equipment announced that the company plans to issue A-shares to specific targets. The total capital raised will not exceed 444 million yuan. After deducting issuance fees, all will be used to supplement working capital. The issuance target will be China Machinery Group and all shares will be purchased in cash. The issuance plan has been reviewed and approved by the board of directors, and procedures such as state-owned assets approval, shareholders' meeting review, Shanghai Stock Exchange review, and China Securities Regulatory Commission registration are still required.