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Oct 12, 2021 07:49 PM (GMT+8) · EqualOcean
Financial Associated Press, Oct. 12 (Xinhua) -- Huagong technology announced that it agreed to close the investment projects funded by the company's non-public offering of shares in 2017, and use all the surplus raised funds and accumulated interest of RMB 431437100 (including the unpaid contract balance and quality assurance deposit of RMB 138763100) to permanently supplement the company's working capital. (the specific amount shall be subject to the balance of the special account on the day of fund transfer out). After the surplus raised funds are converted into working capital, the company will cancel the relevant special account for raised funds.

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