FilingReader Intelligence
Pingtan Development allocates RMB 800m for wealth management
August 19, 2025 at 05:14 AM UTC•By FilingReader AI
Zhongfu Straits Pingtan Development Co has approved using up to RMB 800 million of idle funds to purchase wealth management products in 2025.
The cumulative amount already invested has exceeded 10% of the company's net assets from its most recent audited fiscal year.
Investments include structured deposits from CITIC Bank and China Merchants Bank, with maturities between October and November 2025 and estimated annualized returns of 1.00% to 1.85%.
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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