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Power Construction Corp of China makes early repayment of working capital funds

November 25, 2025 at 09:39 AM UTCBy FilingReader AI

Power Construction Corp of China (the "company") announced an early repayment of a portion of its raised funds used for temporary working capital replenishment. On November 24, 2025, the company returned 230 million yuan to its dedicated fundraising account, notifying its sponsor institution and representatives of the repayment.

The decision to utilize up to 5.529 billion yuan of idle raised funds for temporary working capital was approved at the company's fourth board of directors eleventh meeting and fourth supervisory board seventh meeting on July 21, 2025. The term for using these funds was set at no more than 12 months from the approval date, with a commitment to timely and full repayment.

As of the announcement date, the company has utilized a maximum of 5.529 billion yuan of idle raised funds for temporary working capital. Following this early repayment, the outstanding balance of funds temporarily used for working capital replenishment stands at 5.299 billion yuan.

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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