Xikang Cloud Hospital Invests $15 Million in Wealth Management Product

MT Newswires Live

03-11

Xikang Cloud Hospital (HKG:9686) has subscribed for $15 million worth of a wealth management product from Shenwan Hongyuan (H.K.), a Monday filing with the Hong Kong bourse said.

The move is aimed at optimizing the utilization of Xikang Cloud Hospital's idle funds, the company said.

The product has an annualized return rate of 3% to 4.5% and has a term of one year.

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