Anhui Conch Cement Plans to Subscribe to Wealth Management Products

MT Newswires Live01-27

Anhui Conch Cement (HKG:0914, SHA:600585) plans to subscribe for wealth management products, according to a Shanghai bourse filing on Tuesday.

The maximum daily deposits will not exceed 30 billion yuan, while bank wealth managements products, yield certificate products and assets management plans are all capped at 20 billion yuan.

The board of directors' approval to the plan is valid for 12 months.

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