ST Yuancheng (603388.SH) announced that the company temporarily supplemented working capital using idle raised funds...
Zhixun Finance APP News, ST Yuancheng (603388.SH) announced that the company used idle raised funds to temporarily supplement working capital, with RMB 15 million due on September 24, 2024, not fully repaid. RMB 0.1 billion is due on November 8, 2024. Due to reasons such as unexpected delays in project payments recovery, the company is currently facing tight working capital, and the RMB 0.1 billion due cannot be repaid to the dedicated raised funds account on time. Additionally, the remaining RMB 60 million used to temporarily supplement working capital from idle raised funds will mature on December 26, 2024, with the possibility of being unable to fully repay on time.
The temporarily unpaid raised funds are limited to production and operation related to the main business. The company will actively collect project payments and raise funds to ensure prompt repayment. The company has not engaged in high-risk investments such as securities investment in the past twelve months, and will actively coordinate the handling of the risks associated with the inability to repay on time.
