Beijing Capital Jiaye Property Services Co., Ltd. Class H (HK:2210) has released an update.
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Beijing Capital Jiaye Property Services Co., Ltd. announced a change in the use of proceeds from its 2021 IPO, with a significant portion initially intended for strategic investments and acquisitions remaining unutilized. The company has utilized around HK$95.19 million of the HK$246.91 million raised, leaving approximately HK$151.73 million yet to be deployed, primarily for strategic investments and IT infrastructure upgrades by the end of 2024. This shift in financial strategy could impact the company’s growth trajectory and market position.
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