Sany Heavy Equipment International (HKG:0631) said it entered a financial products investment framework agreement with China International Capital Corp. (HKG:3908, SHA:601995), according to a Hong Kong bourse filing Thursday.
Under the agreement, the firm will subscribe for financial products from CICC Group from time to time. The agreement will last until Dec. 31, 2027, and has a proposed maximum daily balance of 2 billion yuan.
The firm has already subscribed to 695.9 million yuan worth of financial products from CICC.
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