Dalian Heavy Industry Machinery & Equipment Manufacturing Co., Ltd.

Dalian Heavy Industry saw a 429,100-share increase in its holdings via Shenzhen Stock Connect on December 3.

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On November 30, Gelonghui reported that Dalian Heavy Industry (002204.SZ) announced that its 20th meeting of the 5th Board of Directors had approved the "Proposal on Investing in and Enhancing Production Capacity through a Wholly-Owned Subsidiary."

To address the company's overall production capacity constraints and ensure a rapid response to customer demands and market changes in the Jiangsu and Zhejiang regions, the Board of Directors has approved an investment of 15.58 million yuan by its wholly-owned subsidiary, Dalian HR Heavy Industry (Yancheng) Equipment Manufacturing Co., Ltd., to enhance the production capabilities at the Yancheng facility. The funds will primarily be used to purchase plate-handling equipment, maintain and upgrade existing processing machinery, and improve office and operational working conditions.