Tenglong Auto Parts repays part of working capital funds

Changzhou Tenglong Auto Parts (SSE:603158) has announced the early repayment of 2 million RMB of raised funds that were temporarily used to supplement working capital. This follows an earlier resolution passed on August 22, 2024, during the company’s 5th Board of Directors’ 15th meeting, which authorized the temporary use of up to 100 million RMB in idle raised funds for this purpose.