Zijin Mining Group (02899) and Zijin Financial Company plan to reasonably utilize idle own funds for entrusted wealth management.
Zijin Mining (02899) issued an announcement to improve the efficiency of capital utilization, increase the return on cash assets, and ensure the normal operations...
Zijin Mining Group (02899) announced that in order to improve the efficiency of fund utilization and increase cash asset returns, while ensuring the daily production and operation needs and fund security, the company and its subsidiary Zijin Mining Group Financial Limited (referred to as "Zijin Financial Company", of which the company holds 96% equity) intend to reasonably utilize idle own funds for entrustment wealth management.
The company adheres to standardized operations, ensuring fund safety and not affecting normal production and operation of the company, by purchasing bank financial products with idle funds, adhering to the principle of prudence, which is beneficial for improving fund utilization efficiency and fund returns, reducing financial costs, and aligning with the interests of the company and all shareholders.
Engaging in securities investment is a daily business activity of Zijin Financial Company. By conducting investment and wealth management business, Zijin Financial Company can enhance its participation in the capital market, increase cash asset returns, and achieve comprehensive development.
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