Summary by Moomoo AI
HONGYI FUTURES CO., LTD. ANNOUNCED ON 26 APRIL 2024 THAT IT WILL USE EQUITY CAPITAL OF NOT MORE THAN RMB 7,000 MILLION TO INVEST IN SECURITIES, INCLUDING NEW SHARE DISTRIBUTIONS OR APPLICATIONS, REPURCHASES OF SECURITIES, INVESTMENTS IN SHARES AND DEPOSITORY CERTIFICATES, AND BOND INVESTMENTS. The decision aims to improve the efficiency of the company's use of capital and increase the return on cash assets. The investment period is 12 months and is authorized by the Board of Directors to exercise investment decision-making powers in the General Manager's Office. The company emphasizes that investments will strictly comply with the relevant regulations and that risk controls have been developed to prevent potential risks. This move is expected to not affect the normal operation of the Company's core business and is expected to result in a greater return on investment for shareholders.