SINOCARE Inc. (300677.SZ): Intends to use up to 18 billion yuan of idle self-owned funds for entrusted financial management.

The Zhitong Financial News APP reported that Engl Medical (300677.SZ) announced that the company and its subsidiaries plan to use a total idle self-owned funds not exceeding RMB 18 billion for entrusted wealth management. The company plans to mainly invest in financial products with lower risks, good liquidity, and stable income.