Lingnan Co., Ltd. announced that the company has used the idle capital raised by publicly issuing convertible corporate bonds of 156 million yuan to temporarily supplement working capital. The above temporary reflow funds expired on October 16, 2024. The company is facing liquidity constraints at this stage, and the idle funds raised this time cannot be returned to the fund-raising account as scheduled.

Zhitongcaijing · 10/16 14:49
Lingnan Co., Ltd. announced that the company has used the idle capital raised by publicly issuing convertible corporate bonds of 156 million yuan to temporarily supplement working capital. The above temporary reflow funds expired on October 16, 2024. The company is facing liquidity constraints at this stage, and the idle funds raised this time cannot be returned to the fund-raising account as scheduled.