Zhongmiao Holdings (Qingdao) Co., Ltd. Class H (HK:1471) has released an update.
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Zhongmiao Holdings has entered into a Financial Service Agreement with Haier Finance, securing a time deposit of RMB20 million at an interest rate of 1.5% for six months. This strategic move aims to optimize the company’s idle funds and diversify its financial partnerships, potentially enhancing income without disrupting operations. The agreement reflects Zhongmiao’s efforts to mitigate risks and foster long-term collaborations with various financial institutions.
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