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TOSDA: Announcement on Temporarily Using Part of the Idle Raised Funds for Cash Management
Securities Daily News: On February 26, Tosda announced that the company’s 31st meeting of the fourth board of directors approved the use of a total of no more than 230 million yuan of temporarily idle raised funds for cash management by the company and its wholly owned subsidiaries Tosda Technology, Tosda Technology Daling Mountain Branch, and Tosda Technology Tianjin Branch. The period is valid within 12 months from the date of board approval, and the funds can be used cyclically. As of the announcement date, the remaining product balance not yet due is 280 million yuan.
(Editor: Cong Kexin)