Inner Mongolia Xinhua Distribution Plans 1.8-Billion-Yuan Cash Management Investment

MT Newswires Live

2025/02/24

Inner Mongolia Xinhua Distribution Group (SHA:603230) is planning to invest up to 1.8 billion yuan of its idle self-owned funds in safe, liquid and principal-guaranteed financial products.

The funds will be used within 12 months on a rolling basis, subject to shareholder approval, according to a Saturday filing with the Shanghai bourse.

Shares of the book distributor closed 1% higher Monday.

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