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CHINA RES MIXC Plans to Purchase Low-Risk/ Principal-Protected Products
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Since its successful listing on the Stock Exchange on 9 December 2020, CHINA RES MIXC (01209.HK) has utilized approx. RMB6.038 billion of the net proceeds as of the end of 2025, and the unutilized portion of the net proceeds amounted to approx. RMB5.561 billion, as announced by CHINA RES MIXC. The Group planned that purchasing principal-protected structured deposits or placement of transferrable long-term deposit certificates or time deposits with a maturity profile of between one year to three years with licensed and reputable commercial banks in Hong Kong or Chinese Mainland would yield higher interest rate income, and is a more optimized deployment of idle financial resources of the Group, through which the Group would be able to adopt a more proactive treasury management policy while generating additional source of income and increasing shareholders' return on equity. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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