Shenzhen Zesum Technology (SHE:301486) will increase its allocation for an intelligent equipment manufacturing base project to 607 million yuan, according to a Friday filing with the Shenzhen bourse.
The company will reallocate about 238.1 million yuan in surplus funds from previous fundraising projects to add to the existing total investment of 369 million yuan.
Zesum's shares fell 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments