tiprankstipranks
Trending News
More News >

China BlueChemical Engages in Significant Structured Deposit Transactions

Story Highlights
  • China BlueChemical subscribes to structured deposits totaling RMB450 million.
  • Transactions are discloseable under Hong Kong rules, requiring notification but not shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China BlueChemical Engages in Significant Structured Deposit Transactions

Confident Investing Starts Here:

China BlueChemical ( (HK:3983) ) just unveiled an update.

China BlueChemical, through its subsidiary CNOOC Jiantao, has entered into agreements with the Bank of China Hainan Branch to subscribe to structured deposit products totaling RMB450 million. These transactions, classified as discloseable under Hong Kong Listing Rules, do not require shareholder approval but necessitate notification and announcement due to the aggregated transaction amounts exceeding 5% of applicable percentage ratios.

More about China BlueChemical

Average Trading Volume: 6,253,197

Technical Sentiment Signal: Buy

Current Market Cap: HK$9.22B

For a thorough assessment of 3983 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1