China BlueChemical (HK:3983) has released an update.
China BlueChemical has announced the early redemption of a RMB350 million investment from Zhonghai Trust, which will conclude on June 12, 2024, with an expected interest income of approximately RMB1.38 million. This move is part of the company’s strategy to adopt a more flexible cash policy aimed at improving business development and funds management. The funds retrieved from this transaction are slated for general working capital and potential short-term investments.
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