baccaratzero| Miming Life Department Store (08473) subscribes for wealth management products

News from Zitong Finance APPbaccaratzero, Miming Life Department Store (08473) issued an announcement that on April 15, 2024, the companybaccaratzeroRosy Horizon, a direct wholly-owned subsidiary of Rosy Horizon, subscribed for these new Nomura wealth management products through Nomura Singapore Limited, totaling approximately 20%baccaratzero.10,000 US dollars (for one product);118baccaratzero.90,000 Australian dollars (for two products); and 80 million yen (for one product).

The Company subscribes for these Nomura wealth management products for inventory management purposes, with the aim of maximizing the cash surplus derived from its business operations with a view to achieving balanced returns while maintaining high liquidity and reasonable risk levels. Taking into account, among others, the risk assessment and expected yield of these Nomura wealth management products, the company believes that the return from the subscription will be better than the return on deposits generally provided by commercial banks, and will increase the company's overall profit in the long run. The company will monitor and manage the subscriptions more closely and effectively.

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