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360 Ludashi Holdings Invests in Gold-Linked Structured Deposit

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360 Ludashi Holdings Invests in Gold-Linked Structured Deposit

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An update from 360 Ludashi Holdings Limited ( (HK:3601) ) is now available.

360 Ludashi Holdings Limited, through its subsidiary Chengdu Mijiayou, has entered into a new structured deposit agreement with China Merchants Bank to invest RMB50 million. This move aims to utilize the company’s idle funds and generate better returns by linking the deposit interest to the price of gold. The transaction is considered discloseable under Hong Kong’s Listing Rules due to its size, requiring notification and announcement.

The most recent analyst rating on (HK:3601) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on 360 Ludashi Holdings Limited stock, see the HK:3601 Stock Forecast page.

More about 360 Ludashi Holdings Limited

Average Trading Volume: 252,484

Technical Sentiment Signal: Buy

Current Market Cap: HK$285.1M

See more data about 3601 stock on TipRanks’ Stock Analysis page.

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