ZHEJIANG SHIBAO (01057) announced that recently, the financial products purchased by the company using temporarily idle raised funds have matured and been redeemed. The company continues to use RMB 13 million of idle raised funds to subscribe for structured deposit products through the Hangzhou Economic and Technological Development Zone Branch of China CITIC Bank Corporation Limited. The company recently redeemed the aforementioned financial products, recovering principal of RMB 18 million and receiving actual returns of RMB 26,200.
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