Huguang Auto Harness Redeemed Wealth Management Product Worth 30 Million Yuan

MT Newswires Live12-18 16:14

Kunshan Huguang Auto Harness (SHA:605333) redeemed a wealth management product worth 30 million yuan, according to a Shanghai bourse filing on Thursday.

The wealth management product, a structured deposit purchased from China CITIC Bank (HKG:0998, SHA:601998), matured on Wednesday.

The company earned an income of 43,900 yuan from the product, which had an expected annualized yield of between 1% and 1.62%.

The Chinese automotive wiring harness producer's shares fell less than 3% at the close.

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