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The company will raise fund to build houses and apartments, develop the Baiyangdian water area, and to build transport links, energy infrastructure and public facilities in Xiongan.

The company said it has been involved in the development of seven mobile applications that have more than 10 million monthly active users in Africa.

The company said it expects to have positive GAAP net income and free cash flow in every quarter beyond the fiscal first quarter of 2019.

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The company intends to use the net proceeds of this offering primarily for expansion of its businesses, development and introduction of new mining machines, corporate branding and marketing activities and general corporate purposes.

The company's 19 power plants in China's Hubei province, which was hit hardest by the novel coronavirus pandemic, have generated power up to 368 million kilowatt hours from Jan 24 to March 27, it said.

The company said it would replace the defective parts free of charge.

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The composite PMI covering both the manufacturing and non-manufacturing sectors improved to 54.5 this month, up from 54.1 in July, indicating a continued recovery of the Chinese economy.

The company plans to release films in six key themes including those celebrating patriotic themes and those that have a prototype in internet literature or comics.

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The company, which is based in Bern, Switzerland, did not respond to requests for a full explanation.

The company's products are available on Chinese e-commerce sites JD and Tmall, a marketplace owned by Alibaba, according to the Journal. Those sites will verify that purchasers are 18 or older, Juul said. Its products aren't yet available in physical stores in China.