Beisen Holding Ltd. (HK:9669) has released an update.
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Beisen Holding Ltd.’s subsidiary, Beisen Cloud Computing, has subscribed to wealth management products worth RMB200 million from BOC and RMB100 million from XIB, classifying both sets of transactions as discloseable under Listing Rules without requiring shareholder approval. These recent subscriptions add to previously outstanding amounts, bringing the total active investments in BOC products to RMB290 million. The investments are principal-guaranteed with a low risk profile, indicating a cautious approach to wealth management by the company.
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