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NCE Power Redeems Wealth Management Products for 369 Million Yuan; Shares Up 5%

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Wuxi NCE Power (SHA:605111) redeemed two wealth management products for a total of 368.6 million yuan, according to a Shanghai bourse filing on Tuesday.

The first wealth management product is the CITIC Win-Win Huixin RMB Structured Deposit Linked to Exchange Rate - Series A40180, which was redeemed for 354.5 million yuan. It had a principal amount of 354 million yuan and an annualized return of 1.85%.

The other product is the CITIC Win-Win Huixin RMB Structured Deposit Linked to Exchange Rate - Series A40129, which was redeemed for 14 million yuan. It had the same annualized return rate.

The power company's shares rose 5% during the midday trade.

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