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Gelonghui Finance ·  Nov 4, 2024 16:35

Ningxia Baofeng Energy Group (600989.SH) announced on November 4 that since the company decided to carry out this refinancing, the company has actively and orderly promoted the relevant work with intermediary institutions, and strictly fulfilled the decision-making procedures and information disclosure obligations in accordance with relevant laws, regulations, and normative documents. Currently, the projects to be constructed through this fundraising have been basically completed with self-owned and self-raised funds. Taking into account factors such as the company's project construction progress and overall development plan, after comprehensive evaluation by the company and full communication with relevant parties, the company has decided to terminate the issuance of stocks to specific entities in 2023 and withdraw the application documents.

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