share_log

中国通号拟使用暂时闲置募集资金进行现金管理

China Railway Signal & Communication Corporation plans to use temporarily idle raised funds for cash management.

新浪港股 ·  Aug 1 19:39

China Railway Signal & Communication Corporation (03969) announced that it recently held the 23rd meeting of the fourth board of directors and the 14th meeting of the fourth supervisory board, and approved the Proposal on Using Temporarily Idle Raised Funds for Cash Management, agreeing that the company can use idle raised funds not exceeding RMB 2.7 billion (including principal) for cash management, ensuring that it does not affect the progress of raised fund investment plans, normal production and operation of the company, and guaranteeing the safety of funds, to purchase investment products with high safety, good liquidity, and capital preservation features (including but not limited to principal-guaranteed structured deposits, fixed-term deposits, large-denomination certificates of deposit, and notice deposits), with a period of use not exceeding 12 months, valid within 12 months from the date of approval by the board of directors and the supervisory board. Within the above-mentioned limit and term, the company can recycle its use. The board of directors of the company authorized the chairman and his authorized person to exercise the investment decision-making power, sign relevant documents and other matters within the above-mentioned limit and effective period of the resolution. The sponsor institution, China International Capital Corporation Limited, has issued a clear verification opinion on this matter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment