Beisen (HKG:9669) subscribed for nearly $12.7 million of a wealth management product from Haitong International Asset Management (HK), a Monday bourse filing said.
The Beijing branch company of Beisen Cloud Computing also subscribed for 90 million yuan and 50 million yuan of wealth management products from Bank of China (SHA:601988, HKG:3988) and Xiamen International Bank, respectively.
The subscriptions came about in order for the cloud-based human capital management (HCM) solutions provider to put its idle funds to better use.
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