SHANGHAI , January 6 , SinoCast -- Kunming Yunnei Power plans to issue not more than 174 million shares and finance not more than CNY 745 million in a non-public offering. The capital will be invested in an environmental friendly high-effective light-duty commercial vehicle engine industrialization project. With an investment of CNY 898 million , the project will be built in three years. The project will be capable of producing 116,000 YNF40 high-effective commercial vehicle diesel engines and YN30/36/38QNE environmental friendly commercial vehicle natural gas engines annually. Moreover, it will make CNY 2.72 billion sales incomes and CNY 279 million after-tax profits each year.
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