Huguang Auto Harness Units Partially Redeem Wealth Management Products

MT Newswires Live

Sep 18

Kunshan Huguang Auto Harness (SHA:605333) subsidiaries have partially redeemed wealth management products purchased with idle self-owned funds, according to a Friday filing with the Shanghai bourse.

Chongqing Huguang redeemed 40 million yuan from a CITIC Securities wealth management product, earning 71,600 yuan at an annualized return of 1.85%.

Huguang Hong Kong redeemed a 2.6-million-euro time deposit from China Merchants Wing Lung Bank, earning 15,100 yuan at an annualized return of 1.93%.

Shares of the automotive wiring harness producer rose 1% in recent trade.

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