---
title: "ST SONGFA: Plans to use no more than 500 million idle raised funds for cash management and agreed deposits"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254116318.md"
description: "On August 22, 2025, the first meeting of the seventh board of directors of *ST Songfa passed a resolution to agree to temporarily use no more than 500 million yuan of idle raised funds for cash management, purchasing principal-protected savings products with a term of 12 months, and the funds can be reused; at the same time, the funds for this private placement will be deposited in an agreed deposit manner. The net amount raised by the company this time is 3.932 billion yuan, and the investment amount for the fundraising projects has been adjusted"
datetime: "2025-08-22T07:53:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254116318.md)
  - [en](https://longbridge.com/en/news/254116318.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254116318.md)
generator: "portal-rs"
---

# ST SONGFA: Plans to use no more than 500 million idle raised funds for cash management and agreed deposits

On August 22, 2025, the first meeting of the seventh board of directors of \*ST SONGFA approved a proposal to temporarily use no more than 500 million yuan of idle raised funds for cash management, purchasing principal-protected savings products with a term of 12 months, and the funds can be reused; at the same time, the funds for this private placement will be deposited in an agreed deposit manner. The net amount raised by the company this time is 3.932 billion yuan, and the investment amount for the fundraising projects has been adjusted

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**