Ruili: Board of Directors Resolves to Conduct Private Placement of Securities
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0/100
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90
AI Summary (NQ-processed)
Ruili's board of directors has decided to conduct a private placement of up to 30 million common shares. This aims to secure working capital, repay borrowings, improve the financial structure, and raise funds for future business development. The private placement targets specific related parties and insiders in compliance with the Securities Exchange Act.