Hengxin Technology (HKG:1085) subsidiary Zhejiang Zhongguang purchased a 40 million yuan wealth management product from China International Capital Corp. (HKG:3908, SHA:601995), according to a Tuesday filing with the Hong Kong Exchange.
Funds from the fixed-income collective asset management plan will be invested in standardized credit assets, the filing said.
Shares in Hengxin Technology closed 8% higher on Wednesday.
Price (HKD): $0.98, Change: $+0.070, Percent Change: +7.69%
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