Tianjin Capital Environmental Protection Group Co (HK:1065) has released an update.
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Tianjin Capital Environmental Protection Group Co. is reallocating the proceeds from its 2022 non-public issuance of shares, which raised over RMB 810 million after expenses. The funds are being directed towards several major projects, including sewage processing and pipeline network upgrades, while also addressing interest-bearing liabilities and working capital needs. This strategic shift aims to enhance infrastructure and financial stability, potentially impacting shareholder value and future growth prospects.
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