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China Dongxiang (Group) Co ( (HK:3818) ) has shared an update.
China Dongxiang (Group) Co., Ltd. has, through its wholly owned subsidiary Bright Pacific, subscribed to the HSBC Infinite Wealth Insurance Plan, a whole‑of‑life insurance-based wealth management product from HSBC Life, with an actual subscription amount of US$43.5 million and a notional premium of about US$50 million, funded by a mix of internal resources and/or external financing, and structured to provide death benefits and potential investment returns to the policyholder. The transaction size triggers disclosure obligations under Hong Kong’s Listing Rules, underscoring the Group’s active treasury management and use of sizable insurance-linked products to optimize returns on its capital base while potentially enhancing long‑term financial stability for the company and its stakeholders.
The most recent analyst rating on (HK:3818) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on China Dongxiang (Group) Co stock, see the HK:3818 Stock Forecast page.
More about China Dongxiang (Group) Co
China Dongxiang (Group) Co., Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries such as Bright Pacific to manage its capital and investments, including the use of structured and insurance-linked wealth management products as part of its broader financial management strategy.
Average Trading Volume: 4,125,636
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.67B
For detailed information about 3818 stock, go to TipRanks’ Stock Analysis page.