Asia
Hongxing Coldchain Invests 40 Million Yuan in Wealth Management Product
Hongxing Coldchain (HKG:1641) said it invested 40 million yuan in idle funds in a wealth management product offered by Bank of Communications, according to a Thursday filing with the Hong Kong bourse.The cold chain logistics operator's shares fell nearly 3% in morning trade Friday.The product has a term of 42 days and an expected annualized return rate of 1% to 1.8%.
HKG:1641
