On December 13, Gelonghui reported that Xinjiang East Universe Gas (603706.SH) announced that the company's proposed fundraising investment project, "Changji City Gas Pipeline Construction and Supporting Facilities Renovation Project," has been completed and is now in a usable state.
The fundraising investment project for the Changji City Gas Pipeline Construction and Supporting Facilities Renovation has been completed. In order to use the raised funds more reasonably and improve the efficiency of fund usage, the company intends to permanently replenish working capital with the surplus raised funds of 52.4614 million yuan (including a total of 13.5466 million yuan in interest and financial management income before and after the change of the fundraising project, with the actual amount based on the balance of the dedicated account on the day of the fund transfer) for the company's daily production and operations.