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Chengdu Expressway Announces Major Structured Deposit Deal
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Chengdu Expressway Announces Major Structured Deposit Deal

Chengdu Expressway Co., Ltd. Class H (HK:1785) has released an update.

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On October 14, 2024, Chengdu Expressway Co., Ltd. entered into a significant financial transaction by subscribing to a 69-day structured deposit worth RMB 350 million with CCB Chengdu No.1 Sub-branch, boasting an expected annualized return of 1.05% to 2.70%. This investment, linked to the EUR/USD exchange rate performance and guaranteed in principal and minimum return by CCB, falls under a discloseable transaction as per Listing Rules, due to its size. The company will receive a lump sum payment of the income at the end of the investment period, with no early redemption option.

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