China Meheco Plans to Privately Sells A shares and the Application for Issuing was Approved by CSRC Issuance Examination Commission

Recently, China Meheco announced that the CSRC Issuance Examination Commission had reviewed its application for privately issuing A shares. According to the final decision, the application was approved. The program will collect 786 million yuan, which can enhance the company's cash reserves for the follow-up development. At present, the company is in a rapid development stage, so it needs more funds in commercial and industrial expansion. It is expected that the expansion is about to take off after the fundraising .