Specific focus is different then legal requirement. Once NOT received the funds it was free to do as it pleases (it may not make the new shareholders happy) including spending the funds on the China or Hungary project.
There are cases when a company issues debt that is required to use the funds to certain things with the proceeds but I do not believe this is the case with this PP equity issuance.
This is NOT's equity we are talking about and management is responsible for spending it in the most prudent manner. If the shareholders do not like it, they would need to change the management. That being said I do believe the bulk of the funds will be used for DE since this is where we will get the biggest return.
