Beijing Chunlizhengda Medical Instruments Co., Ltd. Class H (HK:1858) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Beijing Chunlizhengda Medical Instruments Co., Ltd. has entered into agreements to subscribe to structured deposit products with the Bank of Beijing, investing a total of RMB744 million using temporary idle proceeds from the issuance of A shares. These investments, categorized as discloseable transactions, are exempt from shareholder approval but require reporting due to their scale. The deposits are linked to the EUR/USD rate, offering principal-guaranteed returns with potential annualized rates between 1.30% and 2.40%.
For further insights into HK:1858 stock, check out TipRanks’ Stock Analysis page.