Wanguo International Mining Group Ltd. (HK:3939) has released an update.
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Wanguo Gold Group Limited has announced a substantial investment, subscribing to structured deposit products valued at approximately USD 88 million with JP Morgan Chase Bank. These deposits are linked to Chinese Government Bonds and are principal-protected, offering expected returns of up to 4.40% per annum. This move highlights the company’s strategic approach to managing surplus cash and optimizing treasury management returns.
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