Agricultural Products: Signs Supplementary and Four-Party Supervision Agreement for Raised Funds
Shenzhen Agricultural Products Group announced that, due to a change in the use of part of the raised funds, RMB 508 million of raised funds originally intended for the continued construction of the Changsha Hajistar Phase II project will be redirected to the Shenzhen Hajistar integrated agricultural product and food export pre-platform service project. The company signed a Supplementary Agreement to the Tripartite Supervision Agreement for Raised Funds with Agricultural Bank of China Shenzhen Branch and the sponsor institution Guosen Securities to adjust the use of funds in the original special account; the company and the project implementation subsidiary Yuntong Cold Chain Company signed a Quadripartite Supervision Agreement for Raised Funds with China CITIC Bank Shenzhen Branch and Guosen Securities to regulate the deposit and use of raised funds for the new fundraising project.
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