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China PengFei Group Limited ( (HK:3348) ) has shared an announcement.
China PengFei Group Limited announced that its subsidiary, China Heavy Equipment, has subscribed to a Huatai Wealth Management Product worth HK$28,000,000. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, indicating its significance. The investment, funded by the company’s idle funds, is in a non-principal guaranteed product with a variable return, reflecting a strategic move to potentially enhance financial returns through diversified investments.
More about China PengFei Group Limited
China PengFei Group Limited operates in the heavy equipment industry, focusing on manufacturing and supplying industrial machinery and equipment.
Average Trading Volume: 21,161
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$550M
Find detailed analytics on 3348 stock on TipRanks’ Stock Analysis page.