Kwung's Holdings Invests 50 Million Yuan in Private Equity Fund

MT Newswires Live

01/06

Kwung's Holdings (HKG:1925) invested 50 million yuan in a private equity fund, according to a Hong Kong bourse filing Monday.

Shares of the home fragrance maker jumped nearly 2% in morning trade Tuesday.

The investment in the Jihai Zhize Panshi Private Equity Investment Fund had the potential to provide better return than fixed deposits, the company said.

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