Zhejiang Shibao Co. Ltd. Class H (HK:1057) has released an update.
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Zhejiang Shibao Co. Ltd. has announced its eighth subscription of CITIC Wealth Management Products, funded by idle company funds. The investment involves RMB35 million in principal-protected, closed-ended structured deposits with an expected annual return of 1.05% to 2.24%. This move is part of a broader strategy to utilize idle funds for safe, low-risk investments.
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