Easou Technology Invests $9 Million in Wealth Product Using Idle Top-up Placing Funds

MT Newswires Live

05/29

Easou Technology (HKG:2550) said it has subscribed to a $9 million wealth management product issued by Huatai International Financial Products, using idle proceeds from its earlier placings, according to a Thursday filing with the Hong Kong bourse.

Shares of the digital service firm were down over 4% in Friday's late-morning trade.

The investment, guaranteed by Huatai International Financial, carries an annualized return of 1.08% to 5.68% over a term ending April 30, 2027.

Easou said the move aims to enhance the utilization efficiency and returns on idle funds while maintaining liquidity.

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