News summary
Xinguodu and its subsidiaries plan to use no more than 3 billion yuan of idle funds to invest in high-security, high-liquidity financial products with a term shorter than one yearwptchoctawFunds can be recycled.
Newsletter text
[Xinguodu (300130) announced that it will use no more than 3 billion yuan of idle funds to purchase wealth management products] On the evening of May 15,wptchoctaw, Xinguodu issued an announcement saying that the company and its subsidiaries plan to use idle own funds of no more than 3 billion yuan to invest in low-risk, highly liquid wealth management products with a term of no more than 12 months. Within this limit, funds can be recycled to achieve efficient utilization of funds and bring additional benefits to the company.
