Dongguan Qinshang Optoelectronics Co., Ltd. held the fifteenth meeting of the second board of directors on August 10, 2012, and reviewed and approved the “Proposal on Temporary Replenishment of Working Capital with Partially Raised Fundsâ€, agreeing to use the company’s over-raised funds of 10,000. Ten thousand yuan temporarily replenished the working capital, the use period is not more than six months from the date of approval by the board of directors, and will expire on February 9, 2013 and will be returned to the special fundraising account.
The company actually used 70 million yuan of super-raised funds to supplement working capital. During the temporary replenishment of working capital with the use of super-raised funds, the company operated well through reasonable arrangements.
On January 29, 2013, the company returned all of the RMB 70 million to the special fundraising account opened by the company. At the same time, the company notified the sponsor institution and the sponsor representative of the return of the above raised funds. So far, the company has used the over-raised funds of 70 million yuan to temporarily replenish the working capital and has been returned once. Through the use of some of the super-raised funds to temporarily supplement the working capital, the company achieved the intended purpose of improving the efficiency of the use of raised funds and saving financial expenses.
The company actually used 70 million yuan of super-raised funds to supplement working capital. During the temporary replenishment of working capital with the use of super-raised funds, the company operated well through reasonable arrangements.
On January 29, 2013, the company returned all of the RMB 70 million to the special fundraising account opened by the company. At the same time, the company notified the sponsor institution and the sponsor representative of the return of the above raised funds. So far, the company has used the over-raised funds of 70 million yuan to temporarily replenish the working capital and has been returned once. Through the use of some of the super-raised funds to temporarily supplement the working capital, the company achieved the intended purpose of improving the efficiency of the use of raised funds and saving financial expenses.
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