Jiangsu Lopal Tech Unit Invests 100 Million Yuan in Bank of China's Wealth Management Products

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Jiangsu Lopal Tech Unit Invests 100 Million Yuan in Bank of China's Wealth Management Products

MT Newswires Live11-19 16:46

A unit of Jiangsu Lopal Tech (HKG:2465) subscribed for two wealth management products worth a total of 100 million yuan from Bank of China (SHA:601988, HKG:3988) on Nov. 15, a same-day bourse filing said.

The move comes about in order for unit Sichuan Liyuan New Material to better utilize its idle funds, according to the LFP cathode material maker and automotive specialty chemical manufacturer.

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