Xiangtan Electric returns 200m yuan in raised funds
Xiangtan Electric Manufacturing Co., Ltd. announced the return of 200 million yuan of temporarily supplemented working capital to its special raised funds account on October 14, 2025. This action follows a resolution passed at the Ninth Board of Directors' Fourth Meeting and the Ninth Supervisory Board's Fourth Meeting on March 6, 2025.
At the March 6 meetings, the company approved the temporary use of idle raised funds, not exceeding 200 million yuan, to supplement working capital for a period not exceeding 12 months. The company committed to return the funds to the dedicated account based on the progress and needs of the raised fund investment projects.
The company’s supervisory board and the recommending institution both approved the initial decision to use the funds. The return of these raised funds has been duly communicated to the company’s recommending institution, Guotai Haitong Securities Co., Ltd., and its representatives.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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