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Chaoju Eye Care Expands Financial Portfolio with New Structured Deposits

Story Highlights
  • Chaoju Eye Care Holdings Ltd. has subscribed to structured deposit products worth RMB100 million.
  • The transactions are discloseable under Hong Kong’s Listing Rules, funded by surplus cash.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Chaoju Eye Care Expands Financial Portfolio with New Structured Deposits

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Chaoju Eye Care Holdings Ltd. ( (HK:2219) ) has shared an announcement.

Chaoju Eye Care Holdings Ltd. has announced a new subscription of structured deposit products through its subsidiary, Chaoju Medical Technology, totaling RMB100 million with the Bank of China. This move is part of a series of transactions with the bank, aggregating previous subscriptions to exceed a 5% but less than 25% threshold, thereby classifying them as discloseable transactions under Hong Kong’s Listing Rules. The subscriptions are funded by surplus cash, indicating a strategic financial management approach without tapping into global offering proceeds.

More about Chaoju Eye Care Holdings Ltd.

Chaoju Eye Care Holdings Ltd. operates in the healthcare industry, focusing on eye care services and products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 1,020,491

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.86B

For detailed information about 2219 stock, go to TipRanks’ Stock Analysis page.

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