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360 Ludashi Holdings Utilizes Idle Funds in New Investment

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360 Ludashi Holdings Utilizes Idle Funds in New Investment

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

360 Ludashi Holdings Limited, through its subsidiary Chengdu Mijiayou, has subscribed to a structured deposit product worth RMB50 million from China Merchants Bank. This move is part of the company’s strategy to utilize idle funds and generate better returns. The subscription is considered a discloseable transaction under Hong Kong’s Listing Rules due to the aggregated percentage ratios exceeding 5% but remaining below 25%, necessitating notification and announcement requirements.

More about 360 Ludashi Holdings Limited

Average Trading Volume: 201,655

Technical Sentiment Signal: Buy

Current Market Cap: HK$271.7M

Find detailed analytics on 3601 stock on TipRanks’ Stock Analysis page.

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