Mobvoi, Inc. (HK:2438) has released an update.
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Mobvoi Inc. has announced a substantial investment in a Wealth Management Product issued by HTIFP, totaling $8.877 million, through its subsidiary HK SmartMV. This financial move, considered a discloseable transaction under the Listing Rules, involves debt-linked notes with a fixed interest rate of 5.7% and is backed by AAA-rated collateralized loan obligations. The investment reflects Mobvoi’s strategic cash management, utilizing its own funds to secure an expected annualized return by January 2025.
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