Jointown Pharmaceutical Group Co Ltd600998
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Plans preferred share issue to raise up to 2.8 billion yuan for debt repayment and working capital.

Jointown announced on August 31 that it plans to issue preferred shares to raise total proceeds of no more than 2.8 billion yuan. The funds raised will be used to repay bank loans and other interest-bearing liabilities, and to replenish working capital.
Jointown Pharmaceutical Group Co LtdPlans preferred share issue to raise up to 2.8 billion yuan for debt repayment and working capital.