Hisense Home Appliances Group Co (HK:0921) has released an update.
Hisense Home Appliances Group Co. has announced its subscription to wealth management products with Alltrust Insurance, investing a substantial RMB2.55 billion using its idle funds. The aggregated transactions are categorized as discloseable under Hong Kong Stock Exchange rules, as they surpass the 5% threshold but remain below 25%. The strategic move aims to enhance capital efficiency and generate increased returns on the company’s cash assets.
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