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Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ) has shared an update.
Zhejiang Shibao Co. Ltd. has subscribed to the 11th CITIC Wealth Management Product from China CITIC Bank, utilizing part of its idle funds. This transaction, when aggregated with previous subscriptions, constitutes a discloseable transaction under Hong Kong Listing Rules, requiring reporting and announcement. The subscription aims to manage idle funds without affecting the company’s operational and investment activities, with a subscription amount of RMB50 million and an expected annual return of 1.05% to 2.05%.
More about Zhejiang Shibao Co. Ltd. Class H
Zhejiang Shibao Co. Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates within the financial sector, focusing on wealth management products. It engages in the subscription of various investment products to manage idle funds effectively.
YTD Price Performance: -15.00%
Technical Sentiment Signal: Sell
Current Market Cap: €811.3M
For an in-depth examination of 1057 stock, go to TipRanks’ Stock Analysis page.