Huabao International Holdings (HK:0336) has released an update.
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Huabao International Holdings Limited has announced the subscription of new financial products with the Bank of Jiangsu and China Minsheng Bank, involving investments of RMB712 million and RMB440 million respectively. These transactions are disclosed in compliance with the Listing Rules, as they exceed a 5% ratio but do not surpass 25%. The company assures that these subscriptions will yield reasonable interests without negatively affecting its financial stance.
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