HSPC(SH:603353) Sou Hu Cai Jing·2025-08-09 21:20Core Viewpoint - Heshun Petroleum (603353) has announced plans to utilize up to 200 million RMB of idle self-owned funds for securities investment and to absorb its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd. [1][2][3] Company Announcements - Heshun Petroleum's board approved the use of idle self-owned funds for securities investment, with a limit of 200 million RMB, valid for 12 months and can be rolled over [1][2] - The company has established a Securities Investment Management System to regulate investment activities, ensuring compliance with national laws and safeguarding the interests of the company and its shareholders [2] - The board also approved the absorption of its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., which will be legally dissolved post-merger, with all its business, assets, personnel, debts, and credits inherited by Heshun Petroleum [1][2]