[Synnex] Announcement regarding disposal of low-risk wealth management products by overseas subsidiary
Synnex announced that its Chinese subsidiaries disposed of wealth management products from Industrial Bank and CITIC Bank, recording a total gain of approximately 10.24 million RMB.
📋 Article Processing Timeline
- 📰 Published: June 3, 2026 at 09:00
- 🔍 Collected: June 4, 2026 at 12:00 (27h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 06:19 (66h 18m after Collected)
1. Subject Assets: Synnex International Trade (China): Industrial Bank wealth management products, CITIC Bank wealth management products; Tech-Serve Supply Chain: CITIC Bank wealth management products.
2. Date of Occurrence: June 3, 115.
3. Decision Level: Approved by the CFO.
4. Transaction Amounts: Industrial Bank products: 100M RMB; CITIC Bank products: 400M RMB; Tech-Serve Supply Chain CITIC Bank products: 55M RMB.
5. Gain on Disposal: Synnex International Trade (China): 2,622,685 RMB (Industrial Bank), 5,378,301 RMB (CITIC Bank); Tech-Serve Supply Chain: 2,243,307 RMB (CITIC Bank).
6. Payment Terms: One-time lump sum payment.
7. Financial Impact: 1.57% of total assets; 3.47% of equity attributable to parent company owners.
8. Purpose of Transaction: Investment and financial management.
2. Date of Occurrence: June 3, 115.
3. Decision Level: Approved by the CFO.
4. Transaction Amounts: Industrial Bank products: 100M RMB; CITIC Bank products: 400M RMB; Tech-Serve Supply Chain CITIC Bank products: 55M RMB.
5. Gain on Disposal: Synnex International Trade (China): 2,622,685 RMB (Industrial Bank), 5,378,301 RMB (CITIC Bank); Tech-Serve Supply Chain: 2,243,307 RMB (CITIC Bank).
6. Payment Terms: One-time lump sum payment.
7. Financial Impact: 1.57% of total assets; 3.47% of equity attributable to parent company owners.
8. Purpose of Transaction: Investment and financial management.
FAQ
Why does Synnex use wealth management products?
It uses them as part of its strategy for efficient utilization of surplus funds and overall asset management.
Does this transaction significantly affect company performance?
The impact on total assets is minimal, and it does not significantly affect core business performance.
Which banks provided the wealth management products?
The products were provided by Industrial Bank (興業銀行) and CITIC Bank (中信銀行).