Pu’er Lancang Ancient Tea Co., Ltd. (HK:6911) has released an update.
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Pu’er Lancang Ancient Tea Co., Ltd. is reallocating RMB26 million of its unutilized net proceeds from its global offering to repay bank loans, as part of a strategic shift in financial management. This move involves redirecting funds initially set for sales channel expansion and strategic investments in the tea industry. The company still plans to utilize the remaining funds for logistics, brand building, and IT infrastructure by the end of 2025.
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