Hisense Home Appliances Group Co (HK:0921) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Hisense Home Appliances Group Co., Ltd. has utilized its idle funds to subscribe for wealth management products from Chongqing Trust, amounting to an aggregate of approximately RMB 1.66 billion. These transactions, spanning from November 2023 to September 2024, are disclosed in compliance with the Listing Rules as they surpass the 5% relevance threshold. The company’s strategic move aims to improve capital efficiency and increase returns on cash assets through medium and low-risk investments.
For further insights into HK:0921 stock, check out TipRanks’ Stock Analysis page.
