Baotou Tianhe Magnetics Technology Co., Ltd.SSE: 603072

(603072)"BAOTOU TIANHE MAGNETICS TECHNOLOGY CO., LTD."Announcement on Progress in Using Certain Idle Raised Funds for Cash Management

· Issued by Baotou Tianhe Magnetics Technology Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603072 · · 6 pages · Chinese

Summary by 6ix AI

Baotou Tianhe Magnetics Technology Co., Ltd. has announced the progress of using idle raised funds for cash management. The company plans to invest in high-safety, liquid financial products to enhance the efficiency of its raised funds. The announcement includes details on the investment amount, sources of funds, and risk management measures. The board has approved the use of these funds without needing shareholder approval, ensuring compliance with regulatory requirements.

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

On 6ix: 6ix.com/news/603072baotou-tianhe-magnetics-technology-co-ltdannouncement-on-progress-in-using-certain-idle-raised-funds-for-cash-management

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Announcement on Progress in Using Certain Idle Raised Funds for Cash Management

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Baotou Tianhe Magnetics Technology Co., Ltd. on 6ix

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