HUAPONT LIFE SCIENCES: Plans to use idle self-owned funds for financial management, with an amount not exceeding 2.3 billion yuan
On March 6th, HUAPONT LIFE SCIENCES announced that it plans to use temporarily idle self-owned funds for cash management. HUAPONT LIFE SCIENCES stated that in order to improve the efficiency of fund utilization and make reasonable use of idle funds, it will purchase low-risk, highly liquid, and secure short-term financial products from commercial banks and non-bank financial institutions, without affecting the company's normal operations and the development of its main business, to increase the company's cash asset returns
