Anhui Hengyuan Coal invests 50m yuan in low-risk wealth management product
Anhui Hengyuan Coal Industry And Electricity Power Co., Ltd. announced the latest progress in its investment and financial management business, specifically the purchase of a low-risk wealth management product. The company acquired "Guoxin Securities Pan Stone Tianli Income Certificate 2505" from Guoxin Securities Co., Ltd. for 50,000,000 yuan. This product has a term from October 29, 2025, to April 29, 2026, and is classified as a fixed-income certificate with an expected annualized return of 1.76%. The company emphasizes that the investment is a low-risk securities firm wealth management product.
The decision to engage in investment and wealth management was approved during the eighth board of directors' seventeenth meeting on August 20, 2025, allowing for the use of idle own funds not exceeding 1,236,000,000 yuan. As of the announcement date, the company has utilized 55,000,000 yuan for wealth management products and 60,000,000 yuan for repurchasing government bonds, leaving 8,600,000 yuan of the approved funds still available. The company has strict internal controls and risk management measures in place, including regular monitoring by its financial, auditing, and legal departments to ensure capital security.
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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