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Hisense Home Appliances Group Co ( (HK:0921) ) has provided an announcement.
Hisense Home Appliances Group Co., Ltd. announced its subscription to Alltrust Insurance Wealth Management Products, amounting to RMB1,738,000,000, utilizing idle funds. This strategic move aims to enhance capital efficiency and increase returns on cash assets, reflecting the company’s proactive approach in managing its financial resources. The transactions are classified as discloseable under Hong Kong’s Listing Rules, indicating a significant financial maneuver that could impact the company’s financial standing and stakeholder interests.
The most recent analyst rating on (HK:0921) stock is a Buy with a HK$30.00 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 based in the People’s Republic of China, primarily engaged in the manufacturing and marketing of home appliances. The company focuses on products such as air conditioners, refrigerators, and kitchen and bath appliances, serving both domestic and international markets.
Average Trading Volume: 3,258,598
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$37.38B
For detailed information about 0921 stock, go to TipRanks’ Stock Analysis page.