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COSCO announced that on December 26, 2025, the company passed a bill to use no more than 230 million yuan of temporary idle funds raised and no more than 250 million yuan of its own funds for cash management. The usage period of the quota is 12 months. Recently, the company opened a special settlement account for cash management of idle funds raised at the Shenzhen Guanlan branch of Shanghai Pudong Development Bank, which is only used for related cash management and settlement. The company analyzed investment risks and formulated control measures. This operation will not affect the daily capital turnover and operation of fund-raising projects, and can improve the efficiency of the use of raised funds.
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COSCO announced that on December 26, 2025, the company passed a bill to use no more than 230 million yuan of temporary idle funds raised and no more than 250 million yuan of its own funds for cash management. The usage period of the quota is 12 months. Recently, the company opened a special settlement account for cash management of idle funds raised at the Shenzhen Guanlan branch of Shanghai Pudong Development Bank, which is only used for related cash management and settlement. The company analyzed investment risks and formulated control measures. This operation will not affect the daily capital turnover and operation of fund-raising projects, and can improve the efficiency of the use of raised funds.
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