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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.