Dongjiang Environmental (00895): Company's Special Fundraising Account Frozen Funds Released

Stock News
Jan 16

Dongjiang Environmental Company Limited (00895) announced that, due to involvement in litigation, a portion of the funds in the company's special fundraising account was frozen, amounting to RMB 96.3176 million, which represents 8.06% of the net funds raised by the company. The company recently learned that the aforementioned frozen funds in the special fundraising account have now been fully released. During the period when the funds in the special fundraising account were partially frozen, there was no significant adverse impact on the fundraising investment projects, nor did it cause any material effect on the company's normal production and operations. As of the date of this announcement, the company does not have any other instances of frozen funds in its special fundraising accounts.

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