Chengdu Expressway Co., Ltd. Class H (HK:1785) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Chengdu Expressway Co., Ltd. has subscribed to structured deposits with CCB and ICBC for RMB300 million and RMB200 million respectively, on July 2, 2024, with an expected annualized return rate between 1.05% to 2.70%. These transactions are classified as discloseable under the Listing Rules due to their percentage ratios, requiring reporting but not shareholder approval. The deposits are principal-guaranteed with returns tied to the Euro to US Dollar exchange rate, and the income will be paid out at maturity on October 11, 2024.
For further insights into HK:1785 stock, check out TipRanks’ Stock Analysis page.