Winshine Science Co., Ltd. (HK:0209) has released an update.
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Winshine Science Co., Ltd. has announced a shift in the use of proceeds from its Convertible Bond A, reallocating approximately HK$9.5 million from a watermelon planting project in Japan to general working capital due to slower progress than expected. The management believes this reallocation will enhance financial resource deployment and benefit shareholders without negatively impacting current business operations. Meanwhile, proceeds from Convertible Bond B have been fully utilized as originally planned for various operational expenses.
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