Joinn Laboratories Subsidiary Purchases Asset Management Plan from CITIC

MT Newswires Live

03/17

Joinn Laboratories (SHA:603127, HKG:6127) subsidiary JOINN Management Technology purchased a collective asset management plan from CITIC Securities Asset Management for 180 million yuan, according to a Tuesday filing with the Shanghai bourse.

The product has an expected annual rate of return of between 1.5% and 4.5%.

It will start accruing interest on the same day and will be redeemable at no rate after 90 days of holding.

CITIC Securities Asset Management is a unit of CITIC Securities (HKG:6030, SHA:600030)

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