An announcement from Huabao International Holdings ( (HK:0336) ) is now available.
Huabao International Holdings Limited announced that a member of its group has subscribed to financial products offered by the Industrial Bank, with an outstanding investment amount totaling RMB1,310 million. The company has confirmed that all other financial products acquired from the bank have been redeemed, and the subscription is expected to yield reasonable interest without adversely affecting the group’s financial position. The transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement due to its size.
More about Huabao International Holdings
YTD Price Performance: 19.70%
Average Trading Volume: 100
Technical Sentiment Signal: Sell
Current Market Cap: $1.05B
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