Summary by Futu AI
XINTIAN GREEN ENERGY CO., LTD. (“XINTIAN GREEN ENERGY”) ISSUED A NOTICE ON 25 APRIL 2024 ANNOUNCING THE USE OF SOME IDLE FUNDRAISING FUNDS FOR CASH MANAGEMENT AND DEPOSITING FUNDS BY AGREEMENT DEPOSIT. The company issued non-public A shares to 22 specific entities in 2021 for a total of approximately RMB45.96 billion, and net actual fundraising after issuance costs of approximately RMB45.45 billion. The funds raised were all in place on December 29, 2021 and are held in a dedicated account. XINTIAN GREENENERGY SAID THAT CASH MANAGEMENT USING IDLE FUNDRAISING IS TO IMPROVE THE EFFICIENCY OF USING FUNDS AND INCREASE THE RETURN ON CAPITAL, WITHOUT AFFECTING THE COMPANY'S DAY-TO-DAY OPERATIONS AND THE NORMAL CONSTRUCTION OF FUNDRAISING PROJECTS. The sponsor, Zhongde Securities Limited, conducted an audit...Show More