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YCIH Adjusts Global Offering Proceeds Allocation

YCIH Adjusts Global Offering Proceeds Allocation

YCIH Green High-Performance Concrete Co., Ltd. Class H (HK:1847) has released an update.

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YCIH Green High-Performance Concrete Co. has announced a change in the allocation of its Global Offering proceeds, with approximately RMB 9.68 million dedicated to eco-friendly upgrades and RMB 37.25 million earmarked for working capital and general corporate use. These adjustments are in line with the company’s strategic focus on green and low-carbon concrete solutions and are part of its ongoing project development efforts. The changes reflect the latest resolutions by the company’s Board and adhere to relevant listing rules on the Hong Kong Stock Exchange.

For further insights into HK:1847 stock, check out TipRanks’ Stock Analysis page.

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