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FriendTimes Inc. Engages in RMB70 Million Structured Deposit Agreements

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FriendTimes Inc. Engages in RMB70 Million Structured Deposit Agreements

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FriendTimes Inc. ( (HK:6820) ) just unveiled an update.

FriendTimes Inc., through its wholly-owned subsidiary FriendTimes Technology, has entered into three structured deposit agreements with Shanghai Pudong Development Bank, Suzhou Wuzhong Sub-branch, amounting to a total of RMB70,000,000. This transaction, classified as a discloseable transaction under Chapter 14 of the Listing Rules, does not require shareholder approval but is subject to reporting and announcement requirements. The structured deposits are principal-protected with floating returns and are linked to the EUR/USD exchange rate, potentially impacting the company’s financial strategy and market positioning.

More about FriendTimes Inc.

YTD Price Performance: -3.57%

Average Trading Volume: 374,343

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.18B

For detailed information about 6820 stock, go to TipRanks’ Stock Analysis page.

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