Xinjiang Hongtong Natural Gas (SHA:605169) said it has signed agreements with multiple banks to deposit raised funds under an agreement deposit scheme, according to a Friday filing with the Shanghai Bourse.
The move aims to improve capital efficiency while ensuring liquidity. The agreements, effective for one year, comply with regulatory guidelines and were approved by the board. The company emphasized that the deposits pose no risk to principal safety.
The initiative aligns with shareholder interests by generating additional income.
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