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Palm Co.: Will permanently supplement working capital with 190 million yuan of surplus raised funds
Gelonghui February 13 | Palm Co., Ltd. announced that the company’s 2015 non-public offering of shares fundraising investment project “Shejiang Park Service Supporting Project and Meixian District Urban Expansion and Quality Improvement PPP Project” has been completed. The remaining fundraising funds of 190 million yuan (including interest, with the actual amount based on the balance of the special account on the day of fund transfer) after project completion will be permanently used to supplement working capital for the company’s daily operations.