Recently, Huacan Optoelectronics Co., Ltd. (hereinafter referred to as "the company") announced that the 19th meeting of the first board of directors reviewed and approved the "Proposal on Temporarily Replenishing Working Capital with Partially Raised Funds".
In view of the company's development needs, in order to improve the efficiency of the use of raised funds and ease the pressure on the company's liquidity requirements, the company will use idle funds raised 20 million yuan under the premise of ensuring the funds required for the construction of fund-raising projects, combined with the company's financial status and production development needs. Temporary replenishment of working capital, calculated according to the benchmark interest rate of bank loans of 5.6% for the same period, can save the company financial expenses of about 560,000 yuan, realize the effective use of raised funds, and maximize the interests of shareholders. The funds are limited to the production and operation related to the main business, and may not be used directly or indirectly for new shares placement, subscription, or for investment in stocks and derivatives, convertible corporate bonds, etc.
The time limit for the temporary replenishment of working capital is 6 months. Before the expiration, the company shall return the above funds to the special account for the raised funds in full and on time.
In view of the company's development needs, in order to improve the efficiency of the use of raised funds and ease the pressure on the company's liquidity requirements, the company will use idle funds raised 20 million yuan under the premise of ensuring the funds required for the construction of fund-raising projects, combined with the company's financial status and production development needs. Temporary replenishment of working capital, calculated according to the benchmark interest rate of bank loans of 5.6% for the same period, can save the company financial expenses of about 560,000 yuan, realize the effective use of raised funds, and maximize the interests of shareholders. The funds are limited to the production and operation related to the main business, and may not be used directly or indirectly for new shares placement, subscription, or for investment in stocks and derivatives, convertible corporate bonds, etc.
The time limit for the temporary replenishment of working capital is 6 months. Before the expiration, the company shall return the above funds to the special account for the raised funds in full and on time.
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Danyang Horse Optical Co., Ltd , https://www.dyhorseoptical.com