Steyr Motors (000760.SZ) announced a plan on Wednesday to raise up to 2.5 billion yuan via a private placement.
The Shenzhen-listed company plans to offer a maximum of 167 million shares at 14.95 yuan per share, according to its filing to the Shenzhen Stock Exchange.
The proceeds from the private placement will be used to expand the company's production capacity of diesel engines and accessories. A-shares of the company will resume trading on Wednesday.
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