Hengxin Technology (HKG:1085) subsidiary Zhejiang Zhongguang New Energy Technology purchased a 30 million yuan wealth management product from Huaan Securities (SHA:600909) on Tuesday, according to a same-day filing with the Hong Kong Stock Exchange.
The fixed-income collective asset management plan has a 10-year term, the filing said.
Hengxin's board also pre-approved future subscriptions up until July 29 for not more than 120 million yuan, the filing said.
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