The CAR Joint Stock Company has implemented the issuance of 1,219,098 shares (cp) through preferential sales to raise funds for the company’s development activities. So far, the progress of capital utilization from this issuance has achieved promising results. The raised funds have been invested in projects A and B, as follows: project A has completed phase 1 and is currently finishing phase 2, expected to be operational by the end of Q3 2024; project B has commenced construction and is in the construction phase, expected to complete by Q2 2025. The company commits to ensuring transparent and effective capital utilization, and will periodically report on the progress and capital usage situation to shareholders in annual meetings.
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