Panda Dairy Corporation (300898.SZ) announced that in order to improve the efficiency of fundraising, the company will hold the ninth meeting of the fourth board of directors and the eighth meeting of the fourth supervisory board on November 21, 2024, to review and approve the proposal on changing the use of part of the raised funds.
According to the Zhichun Finance APP news, Panda Dairy Corporation (300898.SZ) announced that in order to improve the efficiency of fundraising, the company will hold the ninth meeting of the fourth board of directors and the eighth meeting of the fourth supervisory board on November 21, 2024, to review and approve the proposal on changing the use of part of the raised funds, agreeing to change the use of part of the funds, and planning to use 18 million yuan of the raised funds to implement the new 'Ding'an annual production of 5,000 tons of food raw material project,' of which 8.2 million yuan will be used to acquire 100% equity of Hainan Nanhang Pharmaceutical Co., Ltd. ('Nanhang Pharmaceutical'), 1.8 million yuan will be used to pay related taxes and fees involved in the equity trade (estimated), and 8 million yuan will be used to increase the capital of Nanhang Pharmaceutical for site renovation and expansion.