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360 Ludashi Holdings Enhances Investment with Structured Deposit

Story Highlights
  • 360 Ludashi Holdings Limited has subscribed to a Structured Deposit Product with China Merchants Bank.
  • The product offers higher interest rates than typical PRC bank deposits, benefiting the company’s investment strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
360 Ludashi Holdings Enhances Investment with Structured Deposit

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360 Ludashi Holdings Limited ( (HK:3601) ) has provided an update.

360 Ludashi Holdings Limited, incorporated in the Cayman Islands, has announced a supplemental disclosure regarding its subscription of a Structured Deposit Product from China Merchants Bank. The product offers a maturity interest rate of either 1.00% or 2.01%, contingent on the linked gold price level. This rate is significantly higher than the current deposit interest rates offered by commercial banks in the PRC, making it an attractive investment for the company. The directors of 360 Ludashi Holdings Limited believe the terms of the agreement are fair, reasonable, and in the best interest of the company and its shareholders.

More about 360 Ludashi Holdings Limited

Average Trading Volume: 199,103

Technical Sentiment Signal: Buy

Current Market Cap: HK$269M

See more insights into 3601 stock on TipRanks’ Stock Analysis page.

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