Salubris invests idle funds, boosts returns with cash management
Shenzhen Salubris Pharmaceuticals [SZSE:002294] has announced plans to utilize idle funds for investment in financial management products. The company's board of directors approved the allocation of up to RMB 2 billion for this purpose, which includes funds from subsidiaries within the consolidated financial statements. This strategic move aims to improve the efficiency of the company's capital and boost returns, all while ensuring that the ongoing operations and core investment projects remain unaffected. The authorized investment period extends for one year from the date of board approval, and any single transaction amount should not exceed the total entrusted financial management limit.
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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