Lehui International Idle Fundraising and Financial Management will be redeemed at maturity, with considerable returns in the past 12 months.
Announcement from Ningbo Lehui International Engineering Equipment Co., Ltd.: Subsidiary Kunming Xianpi Thirty Kilometers Technology Co., Ltd. used 16 million RMB of idle raised funds to purchase structured deposits from China Merchants Bank, which recently matured. The principal has been recovered and a profit of 45,100 RMB has been obtained, which has been returned to the raised funds account. In November 2024, the company was approved to manage idle raised funds of up to 180 million RMB for a period of 12 months. As of the date of the announcement, the company has invested a total of 353 million RMB in financial management over the past 12 months, recovered 225 million RMB of principal, obtained profits of 1.8524 million RMB, and has yet to recover 128 million RMB of principal. Currently, 128 million RMB of financial management limit has been utilized, with 52 million RMB of the limit remaining unused.
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