On December 10th, Red Star Macalline announced that it had changed the fundraising investment project recently and decided to terminate the use of raised funds to invest in the “Unified Logistics Distribution Service System Construction Project”, “Home Design and Decoration Service Expansion Project”, and “Internet Home Improvement”. And changed the use of the corresponding raised funds of 1.05 billion yuan to "home shopping mall construction project" (Changsha Jinxia shopping mall project, Xining Expo shopping mall project), "new generation smart home shopping mall project" and "repayment of interest-bearing debt project" .
(Source: JJgle.com)
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