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Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ) has shared an update.
Beijing Saimo Technology Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong, has disclosed a series of treasury transactions involving the use of idle funds and a portion of its IPO proceeds. During March to May 2025, the company placed a total of RMB200 million of idle funds into structured deposit products with Bank of China and RMB86.5 million with China Merchants Bank, and between January and May 2025 it also temporarily deployed approximately RMB193 million of unutilised IPO proceeds into short-term, low-risk, redeemable fund products, which it had mistakenly treated as ordinary treasury management, triggering disclosure obligations under Hong Kong listing rules for several of the larger subscriptions while smaller ones fell below notifiable thresholds.
The most recent analyst rating on (HK:2571) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on Beijing Saimo Technology Co. Ltd. Class H stock, see the HK:2571 Stock Forecast page.
More about Beijing Saimo Technology Co. Ltd. Class H
Beijing Saimo Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and is listed in Hong Kong under stock code 2571. The announcement does not specify its industry, core products or services, or market focus.
Average Trading Volume: 264,587
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.71B
Find detailed analytics on 2571 stock on TipRanks’ Stock Analysis page.