Huabao International Holdings (HK:0336) has released an update.
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Huabao International Holdings Limited has announced a sizeable investment in financial products from the Bank of Hangzhou, totaling RMB 350 million, as of September 18, 2024. This strategic move is expected to yield reasonable returns without negatively affecting the group’s financial health. The investment has shifted the company’s transaction status to ‘discloseable’ under the Listing Rules, due to the applicable percentage ratios exceeding 5% after the latest subscription.
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