BEISEN HOLDING (09669) Subscribes to RMB 100 Million Financial Product from Bank of China

Stock News
2025/09/29

BEISEN HOLDING (09669) announced that on September 29, 2025, the group subscribed to a financial product from Bank of China with an amount of RMB 100 million. As of the announcement date, including this Bank of China subscription, the total outstanding principal amount of Bank of China subscription items is RMB 360 million.

The announcement stated that the subscription provides the group with higher returns compared to regular term deposits generally offered by commercial banks in China; the subscription principal is based on the group's temporarily idle funds; the subscription is funded by the group's surplus cash reserves (rather than proceeds from the global offering), therefore it will not affect the group's working capital position or operations; and appropriate low-risk wealth management is beneficial for the group to strengthen capital utilization and increase income from idle funds.

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