[Moen Electric: Plans to invest no more than 450 million yuan to build a cable production base in Thailand] On November 10, Moen Electric (002451.SZ) announced that the company plans to increase capital in batches by its wholly-owned subsidiary Acti Electric with no more than 450 million yuan of its own or self-raised funds, and then increase capital to Thailand Acti Electric through Acti Electric to build an overseas cable production base. The project is located in Rayong Province, Thailand, and mainly produces UL standard power cables, photovoltaic cables and other products for the North American market. This investment still needs to be submitted to the shareholders' meeting for review and approval by the relevant competent authorities in China and Thailand.