Financial Proceeds Utilization - The net proceeds from the share sale amounted to approximately HKD 147.0 million[2] - As of December 31, 2018, HKD 140.1 million had been utilized for purchasing production machinery and equipment to enhance capacity and efficiency[2] - The remaining balance as of December 31, 2018, was HKD 9.2 million[2] - The company plans to utilize HKD 3.2 million for participating in overseas and China fabric exhibitions to strengthen market penetration and expand the customer base by the end of 2020[2] - An additional HKD 3.7 million is allocated for general working capital and other corporate purposes, expected to be utilized by the end of 2020[2] - The total expected utilization of the remaining proceeds is projected to be completed by the end of 2020[2] - All unutilized proceeds are currently deposited in a bank located in Hong Kong[4] Product Development and Market Expansion - The company aims to enhance its product development capabilities through the acquisition of machinery and equipment[2] - The company has not disclosed any new product or technology developments in the current report[4] - There are no updates on market expansion or mergers and acquisitions in the current report[4]
兴纺控股(01968) - 2019 - 中期财报