Zhuzhou Kibing Group(SHA:601636) reclaimed 470 million yuan from maturing financial products while purchasing new products worth 530 million yuan, according to a Monday filing with the Shanghai Bourse.
The investments, sourced from idle funds, aim to improve capital efficiency without affecting operations. The new purchases include structured deposits from major banks such as China Everbright, SPDB, and Bank of China, with terms ranging from 17 to 46 days. Expected returns vary, with some products offering up to 2.25% annual yields.
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