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China BlueChemical Engages in Discloseable Structured Deposit Transactions

Story Highlights
  • China BlueChemical subscribed to structured deposit products worth RMB700 million.
  • Transactions are discloseable under Hong Kong Listing Rules, requiring notification and announcement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China BlueChemical Engages in Discloseable Structured Deposit Transactions

Confident Investing Starts Here:

China BlueChemical ( (HK:3983) ) has issued an announcement.

China BlueChemical, a joint stock limited company incorporated in China, has entered into two structured deposit agreements with ICBC Hainan Branch, subscribing to products worth RMB400 million and RMB300 million respectively. These transactions, which involve self-owned funds, are classified as discloseable under Hong Kong Listing Rules due to the aggregated transaction amounts exceeding certain percentage thresholds, necessitating notification and announcement but not shareholder approval.

More about China BlueChemical

Average Trading Volume: 5,811,783

Technical Sentiment Signal: Buy

Current Market Cap: HK$8.62B

For an in-depth examination of 3983 stock, go to TipRanks’ Stock Analysis page.

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