Huabao International Holdings (HK:0336) has released an update.
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Huabao International Holdings has announced a significant subscription of financial products from the Bank of Changsha, with a combined investment value of RMB480 million. The company reassures that the financial impact of this transaction is positive, with reasonable interest expected and no adverse effects on the group’s financial standing. The transaction requires disclosure under the Listing Rules since it surpasses the 5% threshold for aggregated percentage ratio.
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