An update from Hisense Home Appliances Group Co ( (HK:0921) ) is now available.
Hisense Home Appliances Group Co., Ltd. announced that it and its subsidiaries have subscribed to Jingu Trust Wealth Management Products, totaling RMB2.61 billion, using idle funds. This strategic move is part of a broader initiative to manage idle self-owned funds, aiming to improve capital efficiency and increase returns on cash assets. The transactions are considered discloseable under Hong Kong’s Listing Rules, highlighting the company’s proactive approach to financial management and potential implications for stakeholders regarding improved financial returns.
More about Hisense Home Appliances Group Co
Hisense Home Appliances Group Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the home appliances industry, focusing on products such as air conditioners, kitchen and bath products, and refrigerators. The company is known for its market presence in the manufacturing and marketing of these appliances.
YTD Price Performance: 4.53%
Average Trading Volume: 483
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.4B
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