China PengFei Group Limited (HK:3348) has released an update.
China PengFei Group Limited has announced modifications to its treasury management plan to enhance capital efficiency and allow for investment in a broader range of wealth management products, including those from listed securities firms. Additionally, the company’s subsidiary, China Heavy Equipment, has subscribed to the Taikang Kaitai Wealth Management Product for HK$42 million, funded by idle funds. This move is classified as a discloseable transaction with certain reporting requirements due to its size.
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