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360 Ludashi Holdings Limited ( (HK:3601) ) has issued an announcement.
360 Ludashi Holdings’ subsidiary Chengdu Mijiayou has rolled over RMB50 million of redeemed principal into a new 59‑day, principal‑guaranteed, gold‑linked structured deposit with China Merchants Bank, offering a floating annualised return between 1.00% and 1.76% based on gold price performance. The transaction, aggregated with the company’s previous structured deposits from the same bank, reaches the threshold of a discloseable transaction under Hong Kong listing rules, underscoring the group’s continued use of short‑term investment products to enhance yield on idle cash while maintaining capital preservation, with implications for its treasury management strategy rather than core operating activities.
The most recent analyst rating on (HK:3601) stock is a Hold 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
360 Ludashi Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Chengdu Mijiayou and actively manages its cash through structured deposit products with Chinese commercial banks to generate additional returns on idle funds.
Average Trading Volume: 83,859
Technical Sentiment Signal: Sell
Current Market Cap: HK$244.8M
Find detailed analytics on 3601 stock on TipRanks’ Stock Analysis page.