Huafang Shares (600448): Temporarily Raise Idle Funds And Return Liquidity To Maturity.
China spinning Limited by Share Ltd's announcement on temporarily refunding idle funds temporarily due to repayment of liquidity
The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
At the fifth meeting of the sixth board of directors of the company, the motion on temporarily replenishing floating funds for the use of part of the idle funds was deliberated and approved. The company agreed to use 260 million yuan of idle funds to temporarily supplement the company's working capital for a period of 12 months. The specific contents are detailed in the December 20, 2018 announcement of the Limited by Share Ltd on the part of China spinning and weaving company on the use of some idle funds raised temporarily to supplement the liquidity announcement. As of the announcement date, the company has returned all the above 260 million yuan to our company's special account for raising funds, and has informed the sponsor company of the Bank of China International Securities Limited by Share Ltd and sponsor representative of the fund's return. Notice hereby.
China Textile Limited by Share Ltd board of directors
December 17, 2019
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