$HX COLDCHAIN(01641.HK) The total funds raised from this listing were approximately 252 million. 43% of the funds have a clearly defined use in the prospectus, and 50 million was taken from idle funds to purchase capital-guaranteed wealth management products. Such a cautious attitude is truly commendable in the current environment!

The most important point is that the funds are still sitting in the company's account and have not been diverted to uses outside of those stated in the prospectus!

The downward momentum after the new stock's listing has also basically stopped. If the company can use a portion of the funds to repurchase shares, it is believed this would add a bit of confidence and vitality to the market.

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.