TIANRUN DAIRY uses 240 million yuan of idle raised funds to purchase time deposits upon maturity, redeeming a return of 660,000 yuan

Zhitong
2025.09.30 08:56

Xinjiang Tianrun Dairy Co., Ltd. announced that in December 2024, the company approved the use of no more than 400 million yuan of temporarily idle raised funds for cash management, with a term of 12 months. This time, the company used 240 million yuan of idle raised funds to purchase a large-denomination certificate of deposit from the Urumqi branch of Shanghai Pudong Development Bank, which will mature and be redeemed on September 30, 2025, recovering the principal of 240 million yuan and earning 660,000 yuan. As of the announcement date, all products using temporarily idle raised funds for cash management have matured and been redeemed, with the principal and interest returned to the special account for raised funds, showing no significant difference from the expected returns

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