Anbang Security (603373.SH) plans to invest no more than 280 million yuan to build the Hangzhou Anbang Financial Security Service Operation Center project

Zhitong Finance App News, Anbang Security (603373.SH) issued an announcement. In order to completely address long-term land needs for business development, the company plans to invest in the construction of the Hangzhou Anbang Financial Security Service Operation Center project with the holding subsidiary Hangzhou Anbang as the implementing entity. The total investment of the project is estimated to be no more than RMB 280 million.

This project serves the company's business development plan, which is conducive to ensuring the steady development of the main business and enhancing the company's overall competitiveness. The project capital comes from the company's own capital and bank loans. The project investment scale and funding arrangements will not have a significant adverse impact on the company's current normal production and operation, daily financial situation and operating cash flow.