Q Technology (Group) Co (HK:1478) has released an update.
Q Technology (Group) Co has successfully redeemed three low-risk wealth management products from Bank of Ningbo, with a total investment of RMB500 million, resulting in an aggregate unaudited income of approximately RMB4,725,000. These transactions, which fall within discloseable transactions according to the Listing Rules, will bolster the company’s general working capital and may be used for short-term investments. The company’s strategic financial management is expected to improve liquidity and yield a favorable return on idle funds, reflecting a prudent and profit-oriented approach.
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