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ZTE: has subscribed to 9.737 billion yuan Hangzhou Bank wealth management products
Jinshi data news on February 10th, ZTE announced that the company further subscribed to 8 Hangzhou Bank financial products from October 8, 2024 to February 10, 2025, with a total subscription amount of 9.737 billion yuan. The types of these financial products are principal-guaranteed floating-income, with a low risk rating and an expected APR of 0.8%-2.7%. This subscription, combined with the 6 Hangzhou Bank financial products announced on September 9, 2024, constitutes a transaction that requires disclosure, with a percentage applicable exceeding 5% but less than 25% of the company’s total assets.