Numans Health Food Deploys Idle Cash Into RMB34 Million Lenovo Share Purchase
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Numans Health Food Holdings Company Limited has announced the acquisition of 4 million shares in Lenovo Group for approximately RMB34.1 million, utilizing surplus cash resources. This move aims to enhance returns on idle funds and diversify its asset base without using IPO proceeds. The transaction is classified as a discloseable transaction under Hong Kong listing rules. The current analyst rating for Numans Health Food stock is a Hold with a price target of HK$0.62.
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