Announcement Of Henan Xinye Textile'S Return To Raise Funds With Its Own Funds

2010/12/2 14:57:00 52

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Xinye Textile

Stock Code: 002087 securities abbreviation:

Xinye textile

[5.96 -0.33%] Announcement No.: 2010-051

Henan Xinye textile Limited by Share Ltd announcements on the return of fund-raising funds with its own funds

The company and

Board of directors

All members ensure that the contents of the announcement are true, accurate and complete, without false records, misleading statements or major omissions.

Henan Xinye textile Limited by Share Ltd (hereinafter referred to as "company") convened the first provisional shareholders' meeting on 2010 in June 17, 2010, and deliberated and adopted the motion on temporarily replenish the working capital with some idle funds raised.

According to the resolution, the company shall use the idle collection fund of not more than 220 million yuan to supplement the company's circulating fund, and the term of use shall not exceed 6 months, that is, from June 18, 2010 to November 30, 2010.

As of November 30, 2010, the company has used its own

capital

220 million yuan has been returned to raise funds, all of which have been pferred to the company's special fund raising fund.

The company has notified the sponsor and sponsor representative of the company's return.

This is hereby announced.

Henan Xinye textile Limited by Share Ltd board December 1, 2010