Gelonghui on December 19 reported that Wuchan Huaneng (603071.SH) announced that the project funded by the initial public offering of Stocks "Public Thermal Power Project of Zhejiang Wuchan Shanying Thermal Power Co., Ltd. in Haiyan Economic Development Zone" has reached its intended usable status. The company plans to conclude this project, and as of the date of this announcement, all projects funded by the initial public offering of Stocks have been completed.
As of the date of this announcement, the total balance of the special account for raised funds is 148.5069 million yuan (including interest income, the actual amount is based on the special account balance on the day the funds are transferred), which accounts for approximately 9.98% of the net amount of raised funds. The company plans to permanently replenish all the excess raised funds into working capital.
