BRIEF-Andon Health Says Its Dollar Cash Assets Are Diversified To Minimize Risks

Home Health BRIEF-Andon Health Says Its Dollar Cash Assets Are Diversified To Minimize Risks

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BRIEF-Andon Health Says Its Dollar Cash Assets Are Diversified To Minimize Risks

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March 13, 2023

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BRIEF-Andon Health Says Its Dollar Cash Assets Are Diversified To Minimize Risks

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IN FOCUS

Reuters

Updated: 13-03-2023 06:40 IST | Created: 13-03-2023 06:40 IST

Andon Health Co Ltd: * SAYS ITS OVERSEAS U.S. DOLLAR CASH ASSETS AND FINANCIAL ASSETS ARE DIVERSIFIED TO MINIMIZE RISKS

* SAYS AS OF MARCH 10, IT AND UNITS’ DEPOSIT AMOUNT IN SILICON VALLEY BANK (SVB) ACCOUNTED FOR ABOUT 5% OF CO’S TOTAL CASH ASSETS AND FINANCIAL ASSETS * SAYS ITS OTHER U.S. DOLLAR CASH ASSETS AND FINANCIAL ASSETS ARE IN SAFE CONDITION

* SAYS IT WILL TRANSFER CO’S CURRENT DEPOSITS IN SVB TO OTHER LARGE FINANCIAL INSTITUTIONS AS SOON AS POSSIBLE Source textual content Further firm protection:

(This story has not been edited by Devdiscourse employees and is auto-generated from a syndicated feed.)