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Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ) has provided an update.
Zhejiang Shibao Co. Ltd. has announced the subscription of the 16th 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 the Hong Kong Listing Rules, indicating a strategic move to manage its financial resources efficiently without impacting its core operations.
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, operating in the financial sector. The company focuses on managing funds through investments in high safety and liquidity products, such as structured deposits and large-denomination certificates of deposit.
Average Trading Volume: 18,832,060
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.79B
Find detailed analytics on 1057 stock on TipRanks’ Stock Analysis page.