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Hisense Home Appliances Group Co ( (HK:0921) ) has issued an update.
Hisense Home Appliances Group Co., Ltd. announced that it has entered into SPDB Wealth Management Agreements to subscribe for wealth management products, utilizing idle funds amounting to RMB1,970,000,000. This strategic move is aimed at improving capital efficiency and increasing returns on cash assets through short-term and medium- to low-risk investments. The transactions are classified as discloseable under the Hong Kong Stock Exchange Listing Rules, indicating a significant financial maneuver that could impact the company’s financial strategy and stakeholder interests.
The most recent analyst rating on (HK:0921) stock is a Buy with a HK$28.00 price target. To see the full list of analyst forecasts on Hisense Home Appliances Group Co stock, see the HK:0921 Stock Forecast page.
More about Hisense Home Appliances Group Co
Hisense Home Appliances Group Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the home appliances industry, focusing on products such as air conditioners, refrigerators, and other electric appliances. It has a market presence through its subsidiaries including Air-conditioner Marketing Company and Refrigerator Marketing Company.
Average Trading Volume: 3,217,029
Technical Sentiment Signal: Hold
Current Market Cap: HK$35.05B
For a thorough assessment of 0921 stock, go to TipRanks’ Stock Analysis page.