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Next year China expected to produce vehicle parts up to 15 million shock absorbers
Release time:2011.11.23 News source:玉环宗洪机械有限公司 Browsing number:
 

Chinese vehicle parts and Technology <01269.HK> current short-term debt of 140 million yuan (same below), and future capital needs about $ 160 million expansion. Asked whether the need to re-finance, chief financial officer Huda Xiang said that the current funds on hand of $ 100 million annual cash inflow of 50 million yuan, there are 210 million yuan unused line of credit, that money is no problem.

 Company to raise funds mainly for expanding production capacity, material to the end of next year an annual capacity of shock absorbers to 15 million.

 
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