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Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ) just unveiled an announcement.
Zhejiang Shibao Co. Ltd. has subscribed to the 15th CITIC Wealth Management Product with a subscription amount of RMB18 million, funded by idle funds. This transaction, when aggregated with previous subscriptions, constitutes a discloseable transaction under Hong Kong Listing Rules due to the applicable percentage ratio exceeding 5% but less than 25%. The investment is principal-protected with floating income, reflecting the company’s strategy to manage idle funds without affecting its operational and project investment needs.
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 is involved in the financial industry, focusing on wealth management products. It aims to utilize idle funds for cash management purposes, ensuring high safety and liquidity of investments.
Average Trading Volume: 23,913,835
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.72B
See more data about 1057 stock on TipRanks’ Stock Analysis page.