Shandong High Speed Renewable Energy (SHE:000803) is looking to issue 139,888,845 shares to investors at 5.13 yuan apiece, according to a Thursday filing with the Shenzhen exchange.
The issue could raise up to 717.6 million yuan, the filing said.
Proceeds from the share sale will be used to boost working capital and repay bank loans, the filing said.
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