Asymchem Laboratories (Tianjin) Co., Ltd. Class H (HK:6821) has released an update.
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Asymchem Laboratories (Tianjin) Co., Ltd. has announced their investment in wealth management products totaling $139 million to enhance capital gains and ensure liquidity, using idle funds. These structured deposits, arranged by Citibank and Citigroup, offer higher returns than traditional fixed-term deposits in China, and are in line with the company’s financial strategy. The management considers these investments, with returns ranging from 5.80% to 6.20%, to be reasonable and beneficial for the shareholders.
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