Asia
NCE Power Redeems Wealth Management Products for 369 Million Yuan; Shares Up 5%
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.
SHA:605111
