An investor asked Shenhuo (000933), where is the company’s book of more than 100 billion cash mainly stored?Is it deposited in a bank or a group finance company?
The company replied that, please study the company’s annual report carefully. The cash is stored in the bank and basically belongs to restricted assets. The company’s controlling shareholder Shenhuo Group has not established a financial company.
Link to this article：Shenhuo shares: the company’s controlling shareholder, Shenhuo Group, has not established a financial company
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