Hisense Home Appliances Group Co (HK:0921) has released an update.
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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.
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