China Ruifeng Renewable Energy Holdings Ltd. (HK:0527) has released an update.
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China Ruifeng Renewable Energy Holdings Limited has disclosed additional information on the allocation of funds raised through its 2023 Convertible Bonds and Rights Issue. The company confirmed full utilization of the proceeds from the Convertible Bonds for loan repayments and working capital. Additionally, it outlined the expected timeline for using the remaining funds from the Rights Issue for corporate bond repayments, note settlements, and future business development by mid-2024.
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