tiprankstipranks
Hisense Announces Billion-RMB Wealth Management Move
Company Announcements

Hisense Announces Billion-RMB Wealth Management Move

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

Don't Miss our Black Friday Offers:

Hisense Home Appliances Group Co., Ltd. has disclosed transactions involving the subscription of wealth management products by its non-wholly owned subsidiaries, amounting to an aggregate of RMB 1.54 billion during July and August 2024. The move, meant to efficiently utilize the company’s idle funds, is in accordance with a previously approved resolution for the entrusted management of funds and falls within discloseable transaction thresholds as per the Listing Rules. The investments, primarily in medium-low risk fixed income products, are part of the company’s strategy to enhance capital utilization and returns on cash assets.

For further insights into HK:0921 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskHisense Announces Leadership Changes: New Chairperson Appointed
TipRanks HongKong Auto-Generated NewsdeskHisense Home Appliances Reveals Board and Leadership Structure
TipRanks HongKong Auto-Generated NewsdeskHisense Invests in Hua Xia Wealth Products
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App