Hengxin Technology Ltd. (HK:1085) has released an update.
Hengxin Technology Ltd. has disclosed a series of investments in wealth management products managed by Huaan Securities, with an aggregate investment totaling RMB 45 million made by its subsidiary, Zhejiang Zhongguang. These transactions, which are over 5% but under 25% of the company’s assets, qualify as discloseable transactions under the Listing Rules. The funds, earmarked for investment rather than immediate operational needs, aim to earn higher returns compared to standard deposit interest rates without increasing liquidity risks.
For further insights into HK:1085 stock, check out TipRanks’ Stock Analysis page.
