Zhejiang Founder Motor plans to raise no more than CNY 1 billion ($157.04 million) through non-public offerings, and part of the net proceeds will be used for a 1.8 million units/year new energy vehicle drive motor project, Kallanish learns from Shenzhen Securities Times.
Founder Motor says to Stockstar: "The debt financing heavy financing method has led to a rapid increase in asset-liability ratio, and the proportion of interest-bearing liabil…
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