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