PETALING JAYA: Xingquan International Sports Holdings Ltd, a China-based shoemaker with a cash pile of RM886.55mil (1.46 billion yuan), said the RM50.71mil to be raised from investors in a planned rights shares issue would be used to pay for machinery.
The company added that the current cash reserves was to cover for its daily operational needs and future acquisition purposes.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
