---
title: "JIANGNAN RED ARROW's subsidiary fully repaid the 35 million idle raised funds after supplementing working capital"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258472762.md"
description: "On September 29, 2024, JIANGNAN RED ARROW held a meeting to approve its wholly-owned subsidiary Beifang Binhai to use CNY 35 million of idle raised funds to supplement working capital, with a usage period not exceeding 12 months. During the usage period, Beifang Binhai will reasonably arrange funds, using them solely for its main business and not involving high-risk investments. By September 22, 2025, Beifang Binhai had fully repaid CNY 35 million to the special account for raised funds and notified the independent financial advisor CITIC Securities. The board of directors issued an announcement on September 24, 2025"
datetime: "2025-09-23T07:45:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258472762.md)
  - [en](https://longbridge.com/en/news/258472762.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258472762.md)
---

# JIANGNAN RED ARROW's subsidiary fully repaid the 35 million idle raised funds after supplementing working capital

On September 29, 2024, JIANGNAN RED ARROW held a meeting and agreed that its wholly-owned subsidiary, Northern Binhai, would temporarily use no more than 35 million yuan of idle raised funds to supplement working capital, with a usage period not exceeding 12 months. Northern Binhai actually used 35 million yuan, reasonably arranged the funds during the usage period, and only used them for production and operation related to its main business, without involving high-risk investments, and the fund utilization status was good. As of September 22, 2025, Northern Binhai has fully returned the 35 million yuan to the special account for raised funds and notified the independent financial advisor, CITIC Securities. The board of directors of JIANGNAN RED ARROW issued this announcement on September 24, 2025

### Related Stocks

- [000519.CN](https://longbridge.com/en/quote/000519.CN.md)

## Related News & Research

- [Canadian Goldfields Closes Acquisition of Newton Gold Property in Ontario | CGMXF Stock News](https://longbridge.com/en/news/287067838.md)
- [12:45 ETInventHelp Inventor Develops New Bandage Dispenser (TLS-1305)](https://longbridge.com/en/news/286946419.md)
- [Great Pacific Gold Provides Wild Dog Project Exploration Update | GPGCF Stock News](https://longbridge.com/en/news/287060413.md)
- [Kingman Permits for Additional 16-Hole Drill Program at High-Grade Mohave Gold Project and Historic Rosebud Mine Site | KGSSF Stock News](https://longbridge.com/en/news/287013460.md)
- [Soccer-FIFA says held positive talks with Iran's FA ahead of World Cup](https://longbridge.com/en/news/286652217.md)