Dongfang Electric continues cash management of idle funds
Dongfang Electric Corp (SSE:600875) announced it will continue its cash management strategy by investing CNY 400 million of temporarily idle raised funds in a six-month bank certificate of deposit, yielding an expected 1.10% annualized return. This move, approved at the company's board meeting on April 29, 2025, aims to enhance the efficiency and returns on unused capital without affecting ongoing project funding. The total amount allocated for cash management remains capped at CNY 930 million. The company emphasized that it adheres to stringent risk control measures, selecting secure investment products and closely monitoring market conditions to safeguard investor interests. This decision aligns with regulatory guidelines on the management and usage of raised funds.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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