9905 Dahua: Announcement regarding the acquisition of financial products by a subsidiary
Dahua (9905) announced that its subsidiary, Shanghai United Can Co., Ltd., acquired the financial product 'Zhaoyin Wealth Management Zhaoying Riri Xin' for 66.5 million RMB on May 22, 2025. The investment is intended for treasury management, accounting for 3.47% of total assets.
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- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
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Date of announcement: May 23, 2025. Date of statement: May 22, 2025. Company code: 9905. Company name: Dahua. Subject: Announcement regarding the acquisition of financial products by subsidiary Shanghai United Can Co., Ltd. Fact occurrence date: May 22, 2025. Details: 1. Name of target: Zhaoyin Wealth Management Zhaoying Riri Xin. 2. Fact occurrence period: Dec 10, 2024 to May 22, 2025. 3. Board approval: N/A. 4. Decision level: Chairman. 5. Transaction amount: 66.5 million RMB. 6. Counterparty: China Merchants Bank, Shanghai Songjiang Branch. 7. Related party transaction: No. 11. Payment terms: Lump sum. 14. Accumulated holdings: Shanghai United Can 28M RMB, Chongqing United Can 6M RMB, Jinan United Can 29.2M RMB, Huatong United (Nantong) Plastic Industry 22.3M RMB. 15. Ratio to total assets: 3.47%. 17. Purpose: Investment profit. 28. Source of funds: Own capital.
FAQ
What is the impact of this investment by Dahua's subsidiary?
It accounts for 3.47% of total assets, representing standard treasury management rather than a significant financial risk.