China Southern Power Grid to Use Remaining Fund from 2022 Placement for Working Capital

MT Newswires Live

03/12

China Southern Power Grid Energy Storage (SHA:600995) plans to use the remaining funds of 300,800 yuan from its 2022 share placement to supplement its working capital, according to a Shanghai bourse filing on Thursday.

The Chinese state-owned power company raised net proceeds of up to 8 billion yuan in 2022 to fund five projects, which are now completed.

The company's shares slipped 1% during the afternoon trade.

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