Beijing Digital Telecom Co. Ltd. Class H (HK:6188) has released an update.
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Beijing Digital Telecom Co., Ltd. has reinvested RMB200 million through a new structured deposit agreement with the Bank of Communications, offering a floating return rate between 1.55% and 2.30%, linked to the EUR/USD exchange rate. The 184-day deposit guarantees the principal and aims to optimize the company’s idle funds for a higher return on capital. This transaction is classified as a discloseable event per the Listing Rules, requiring public disclosure but not shareholder approval.
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