Meiru Technology to Invest 150 Million Yuan in Audio-Video Manufacturing Base in Hangzhou on May 26

GateNews

According to an announcement on May 26, Meiru Technology plans to invest approximately 150 million yuan to build an audio-video manufacturing base with independent intellectual property in Hangzhou's Xiaoshan District. The project will cover about 13 acres and involve a land acquisition cost of approximately 12 million yuan, with the remainder allocated to fixed assets investment and reserves.

The company will sign an investment intention agreement with relevant local government departments in Xiaoshan. Funding will come from the company's own capital and self-raised funds.

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