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Hisense Home Appliances Group Co ( (HK:0921) ) has issued an announcement.
Hisense Home Appliances Group Co., Ltd. announced that its subsidiaries, Air Conditioning Company and Refrigerator Marketing Company, have subscribed to Western Trust Wealth Management Products with a total investment of RMB1,780,000,000. This strategic move utilizes the company’s idle funds to enhance capital efficiency and increase returns on cash assets, aligning with their approved resolution for wealth management. The transactions, while individually not discloseable, collectively meet the criteria for discloseable transactions under Hong Kong’s Listing Rules, indicating a significant financial maneuver aimed at optimizing the company’s asset management strategy.
The most recent analyst rating on (HK:0921) stock is a Buy with a HK$26.00 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, primarily operating in the home appliances industry. The company focuses on products such as air conditioning and refrigerator marketing, with a market focus on leveraging idle funds for investment in wealth management products.
Average Trading Volume: 3,103,843
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$36.79B
See more data about 0921 stock on TipRanks’ Stock Analysis page.