Hengxin Tech Invests in CICC-Managed Wealth Product

Hengxin Technology Ltd. (HK:1085) has released an update.

Hengxin Technology Ltd., through its subsidiary Zhejiang Zhongguang, has invested RMB40 million in a wealth management product managed by CICC, aiming to generate additional income without impacting its operations. The investment aligns with the company’s strategy to achieve better returns compared to regular bank deposits and is deemed by the directors to be in the best interest of the company and its shareholders. This financial move constitutes a discloseable transaction according to the Listing Rules due to its size.

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