FriendTimes Inc. ( (HK:6820) ) just unveiled an update.
FriendTimes Inc. announced that its subsidiary, FriendTimes Technology, has entered into two structured deposit agreements with China CITIC Bank, Suzhou Branch, totaling RMB70,000,000. These agreements involve principal-protected floating return and closed-end structured deposits. Additionally, another subsidiary, Cheeryoo Network, subscribed to a fixed income open-end wealth management product worth RMB28,000,000. These transactions are aggregated under the Listing Rules, constituting a discloseable transaction due to exceeding certain percentage ratios. This move reflects FriendTimes Inc.’s strategic financial management, potentially impacting its liquidity and investment returns.
More about FriendTimes Inc.
FriendTimes Inc. is a company incorporated in the Cayman Islands, operating within the technology sector. It is involved in interactive entertainment and online gaming, with a focus on developing and publishing games for global markets.
YTD Price Performance: -1.79%
Average Trading Volume: 169,083
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.2B
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