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Huamao (000850): No More Than 500 Million Yuan To Carry Out Financial Derivatives Trading Business
Huamao (000850) announced on the evening of June 9 that the board of directors approved the company and its wholly-owned and holding subsidiaries to carry out financial derivatives trading business with a total amount of no more than 500 million yuan. The trading varieties are forward settlement and sales of foreign exchange, foreign exchange options, raw materials, products (cotton, copper) commodity futures hedging business provided by financial institutions.
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