Asia
Leader Harmonious Drive Systems Sees Project Delay Due to Low Capacity Utilization
Leader Harmonious Drive Systems (SHA:688017) faces a two-year delay for a project funded by a private placement of shares due to low capacity utilization in its early stages, according to a Friday filing with the Shanghai bourse.The decision to delay the project deadline to Dec. 31, 2028 from Dec. 31, 2026, is due to "prudence" based on the project timeline.A private issuance that yielded 1.40 billion yuan is helping fund the project.
SHA:688017
