Tian Lun Gas Holdings Limited (HK:1600) has released an update.
Tian Lun Gas Holdings Limited has announced a delay in utilizing the proceeds from its Top-up Placing, originally intended for Rooftop Photovoltaics Projects, due to policy changes in the photovoltaic industry. The unspent funds, now totaling approximately HK$109 million, are to be reallocated for general working capital to improve financial management flexibility. The company assures that this strategic adjustment will not have a significant adverse effect on its operations or financial stance.
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