Zhejiang Shibao Co. Ltd. Class H (HK:1057) has released an update.
Zhejiang Shibao Co. Ltd. Class H has utilized idle funds to subscribe to the 6th CITIC Wealth Management Product offered by China CITIC Bank, marking it as a discloseable transaction due to the aggregate of similar past subscriptions. The new wealth management product, which is principal-protected and offers an expected annual return between 1.05% and 2.37%, aligns with the company’s strategy to invest idle funds in safe and liquid financial products without impacting their main construction projects and operations.
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