Mokingran Jewellery Group Plans to Temporarily Reallocate RMB210 Million from H Share IPO Proceeds to Replenish Working Capital and Extend Project Timelines to 2027
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Mokingran Jewellery Group Co. Ltd. plans to temporarily reallocate RMB210 million from its H Share IPO proceeds to replenish working capital for one year. The allocation includes RMB70 million for production upgrades, RMB90 million for a marketing network, and RMB50 million for IT upgrades. The company has extended the timeline for using these funds to the end of 2027 to enhance efficiency and reduce finance costs while maintaining operational quality.
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