New Focus Auto Tech Holdings (HK:0360) has released an update.
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New Focus Auto Tech Holdings Limited has announced the signing of a park admission contract with the Management Committee of Fuzhou High-tech Industrial Development Zone to establish a new energy automotive electronics manufacturing base. The project, with an investment of RMB 1 billion across two phases, aims to enhance the company’s production capacity and market competitiveness in the automotive electronics and new energy sectors. The initiative is supported by the Management Committee, with the company planning to finance the project through a mix of own funds and potential debt and equity financing.
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