China Kangda Food Company Ltd. Announces Strategy to Utilize Net Proceeds for Strengthening Financial Position and Enhancing General Working Capital
China Kangda Food Company Ltd. has announced future strategic plans aimed at bolstering its financial position. The company completed a share placement of 20,000,000 shares, generating net proceeds of approximately HK$4.9 million. These funds are earmarked for use as general working capital to strengthen the Group's financial stability. The company's leadership, including executive directors Ms. Lang Ying, Mr. Gao Yanxu, and Mr. An Fengjun, alongside independent non-executive directors Mr. Hua Shi, Ms. Li Ying, and Mr. Wang Cheng, are overseeing these efforts. The focus remains on utilizing the proceeds effectively to support the Group's ongoing operations and enhance its financial health.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Kangda Food Company Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.
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