Huabao International Holdings (HK:0336) has released an update.
Huabao International Holdings has announced a significant investment in financial products from the Bank of Hangzhou, with a collective investment value of RMB566 million. The company’s directors are confident that the investment will yield reasonable returns without adversely affecting the group’s financial stance. This transaction is classified as a disclosable transaction under the Listing Rules due to its size, thus requiring public disclosure and announcement.
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