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An update from Wise Living Technology Co., Ltd Class H ( (HK:2481) ) is now available.
Wise Living Technology Co., Ltd has released a supplemental announcement to its 2024 Annual Report, providing additional details on the use of net proceeds from its Global Offering. The company raised approximately HK$187.5 million, which has been allocated to major projects such as the Lanzhou Peak-shaving Boiler Construction and Xinmi Project Preparation and Expansion. The unutilized proceeds are expected to be used by the end of 2025 and 2026, respectively, and will be kept in short-term interest-bearing accounts until then. This strategic allocation of funds highlights the company’s focus on expanding its operational capacity and enhancing its market position.
More about Wise Living Technology Co., Ltd Class H
Wise Living Technology Co., Ltd is a joint stock limited liability company incorporated in the People’s Republic of China. The company is involved in the technology sector, focusing on projects such as the Lanzhou Peak-shaving Boiler Construction and Xinmi Project Preparation and Expansion.
Average Trading Volume: 212,436
Technical Sentiment Signal: Strong Buy
For a thorough assessment of 2481 stock, go to TipRanks’ Stock Analysis page.