Guangdong Xianglu Tungsten to Adjust Fundraising Allocation

MT Newswires Live

09/08

Guangdong Xianglu Tungsten (SHE:002842) will adjust the allocation of proceeds from its private placement of shares to reflect the lower amount raised.

The net proceeds of 477 million yuan fell short of the 490.8 million yuan target, driving the company to adjust its working capital allocation to 75.9 million yuan from 89.7 million yuan, according to a Tuesday filing with the Shenzhen bourse.

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