Nov 29, 2021 05:00 PM (GMT+8) · EqualOcean
Financial Associated Press, Nov. 29 - Conch Cement announced that on November 26, 2020, the company used 500 million yuan of its own funds to purchase Dingding a section 65143 financial management plan of China Merchants Bank Co., Ltd. for a period of 363 days, with an expected annualized rate of return of 4.50%. On November 25, 2021, the entrusted financial product expires. On November 26, 2021, the company has fully recovered the principal of 500 million yuan of entrusted financial management and obtained 23.0892 million yuan of financial management income, reaching the expected income target. As of the announcement date, the cumulative balance of entrusted financial management of the company was 14.4 billion yuan.