Hisense Invests Billions in Wealth Management

Hisense Home Appliances Group Co (HK:0921) has released an update.

Hisense Home Appliances Group Co. has announced the subscription of wealth management products totaling RMB 1.89 billion, using idle funds for short-term, medium- and low-risk investments. These transactions, when combined, are deemed discloseable under the Listing Rules due to applicable percentage ratios exceeding 5%. The investments align with the company’s strategy to improve capital efficiency and enhance cash asset returns.

For further insights into HK:0921 stock, check out TipRanks’ Stock Analysis page.