Super Hi Maximizes Cash Surplus with HSBC Deal

Super Hi International Holding Ltd. (HK:9658) has released an update.

Super Hi International Holding Ltd. has engaged in a series of wealth management product subscriptions with HSBC, aimed at optimizing the surplus cash generated from its regular business activities. These subscriptions, which were made between April 25, 2023, and August 15, 2024, are categorized as discloseable transactions, falling within specific regulatory guidelines that mandate public disclosure but do not require shareholder approval. The company’s strategy intends to yield better returns than standard bank deposits while providing high liquidity and flexibility in treasury management amidst uncertain interest rates.

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