Hengxin Technology (HKG:1085) subsidiary Zhejiang Zhongguang subscribed for wealth management products from Huaan Securities (SHA:600909) for 68 million yuan on Monday, according to a same-day filing with the Hong Kong Stock Exchange.
The fixed-income collective asset management plan products have 10-year terms each, with the values of the products at 25 million yuan, 18 million yuan, and 25 million yuan, the filing said.
Shares closed 9% higher in Hong Kong on Tuesday.
Price (HKD): $0.96, Change: $+0.08, Percent Change: +9.09%
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