Shenzhen Textile A Subscribe For 20 Million Idle Fund Raising Expected Annualized Yield 1.15%-3.60%
On the 25 day, Shenzhen textile A (000045) recently subscribed 20 million of China Merchants Bank structured deposit fixed holding product contracts with 20 million idle capital raising, and the financial period was from 23 2019 to 23 2019, with an expected annual yield of 1.15%-3.60%.
Shenzhen textile A said that the use of temporarily idle funds raised by the company to purchase structured deposit products was carried out under the premise of ensuring the funds required by the company to raise investment projects and ensuring the safety of the funds raised, and fulfilled the necessary statutory approval procedures, which did not affect the normal business development of the company and the normal implementation of the project for raising funds. This purchase of structured deposit products will yield a certain investment income, which will help to preserve the value of the proceeds and will not hurt the interests of the company and shareholders.
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