"Shanghai Xinghe" completes financing of several hundred million yuan

36 Kr learned that Shanghai Xinghe, a high-end machine tool enterprise, has recently completed a financing of several hundred million yuan. This round of financing is led by Wuliangye Fund, followed by the listed company Megmeet, with Shenlan Capital acting as the long-term exclusive financial advisor. The raised funds will be mainly used for the R&D investment in high-end gear grinding machines, grinders, milling machines and other products, so as to promote the commercialization of new products and overseas markets.