Summary by Moomoo AI
On 28 March 2024, Keicheng Electric issued a special report on the storage and use of funds raised for 2023. The report showed that the company issued non-public A shares on June 29, 2020 with a total fundraising amount of RMB214,830,000.00. Net of the actual fundraising was RMB207,305,400.64 after deducting related expenses. The funds are mainly used for a one-sided increase in capital gains against a subsidiary, Beijing Tianhai Industrial Co., Ltd. In 2023, Beijing Tianhai used the total fundraising amount of $6,350,039.86, and at the end of the year, the balance of the fund raising pool was 13,513,694.43 yuan. The total amount of the fundraising capital used by Keijo shares was $25,680,000.00, and the balance of the year-end fundraising pool was $22,881,330.31. The company strictly complies with relevant...Show More