Shanghai Chemspec CorporationSSE: 688602

Announcement on Using Certain Idle Raised Funds for Cash Management

· Issued by Shanghai Chemspec Corporation via Shanghai Stock Exchange

Filed with SSE · · 7 pages · Chinese

Summary by 6ix AI

The company intends to invest in high-security, liquid financial products, including fixed deposits and structured deposits, with a maximum investment amount specified. The board approved this plan, which allows for the funds to be used within a specified timeframe, and the company will implement strict risk control measures. The investment aims to enhance the efficiency of fund usage and maximize shareholder returns without impacting the company's main business operations.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/shanghai-chemspec-corporationannouncement-on-using-certain-idle-raised-funds-for-cash-management

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Announcement on Using Certain Idle Raised Funds for Cash Management

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