Summary by Moomoo AI
China Telecom Co., Ltd. (the “Company”) issued on 26 March 2024 a special report on the storage and actual use of the funds raised for 2023. The report showed that after the company's initial public offering of A shares in 2021, the total amount of fundraising was approximately RMB4,790,370.98 million, and net fundraising was approximately RMB4,751,562.29 million after the issuance costs. As of December 31, 2023, the Company had used RMB4,848,092.79 million in fundraising funds, including the accumulated fundraising interest income and net cash management income received. All funds raised have been used up and there are no cash management balances and unused fundraising balances. The Company implements dedicated storage for fundraising funds and has signed three- and four-party regulatory agreements with relevant agencies to govern the...Show More