Extreme Vision Technology Hires CITIC Securities Unit as Investment Manager

MT Newswires Live09-04 11:37

Shandong Extreme Vision Technology (HKG:6636) has hired CITIC Securities Asset Management for investment management services to help grow its idle capital, according to a Hong Kong Exchange filing on Thursday.

The Chinese AI computer vision solutions provider said it has provided the CITIC Securities (HKG:6030, SHA:600030) subsidiary with $7.5 million to invest in assets including stocks and forex, among other things. The company expects a 6% annual return on the investment.

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