Beauty Farm Medical & Health Industry, Inc. (HK:2373) has released an update.
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Beauty Farm Medical & Health Industry, Inc. has utilized idle funds to subscribe to wealth management products from ICBC, with a combined investment of RMB 220 million across three separate transactions. Despite the transactions being individually below the threshold for disclosure, their aggregation surpasses the 5% mark, making them discloseable under the Listing Rules. The company’s strategic financial move aims to capitalize on principal guaranteed floating income products linked to the EURUSD exchange rate.
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