Aerospace Hi-Tech returns 430m yuan of idle funds

China Aerospace Times Electronics has returned 430.5 million yuan of its own funds to reduce the outstanding balance of idle raised funds used for temporary working capital.

The company had utilized 2.65 billion yuan from a 2021 A-share issuance for working capital purposes. The current outstanding amount stands at 2.22 billion yuan following the latest 100 million yuan repayment.