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Hisense Home Appliances Group Co ( (HK:0921) ) has provided an update.
Hisense Home Appliances Group Co., Ltd. announced that it and its subsidiary, Air Conditioning Company, have entered into agreements to subscribe to Western Trust Wealth Management Products with a total subscription amount of RMB1,870,000,000. This move is part of the company’s strategy to use idle funds for short-term and medium- to low-risk investments, aiming to improve capital efficiency and returns. The transactions are considered discloseable under the Hong Kong Stock Exchange Listing Rules, requiring reporting and announcements due to the aggregated subscription amounts exceeding certain thresholds.
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. It operates in the home appliances industry, focusing on products such as air conditioning systems. The company is known for utilizing its resources to enhance capital efficiency and increase returns on cash assets.
YTD Price Performance: -6.72%
Average Trading Volume: 2,357,662
Technical Sentiment Signal: Hold
Current Market Cap: HK$36.64B
See more data about 0921 stock on TipRanks’ Stock Analysis page.