Jiangsu Lopal Tech (HKG:2465; SHA:603906) has subscribed to a Bank of China wealth management product for 300 million yuan to generate additional income from its idle funds, according to a Monday filing with the bourse.
The company said it invested in the low-risk financial instrument for roughly three months, which carries an annual return rate ranging from 0.6000% to 2.0299%.
Shares were up about 1% in morning trading on Tuesday.
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