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An update from FriendTimes Inc. ( (HK:6820) ) is now available.
FriendTimes Inc. announced that its subsidiary, FriendTimes Technology, has entered into four Structured Deposit Agreements with Shanghai Pudong Development Bank, Suzhou Wuzhong Sub-branch, subscribing to principal-protected deposits totaling RMB110,000,000. This transaction is considered discloseable under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from shareholder approval, indicating a strategic financial maneuver to potentially enhance the company’s financial stability and market positioning.
More about FriendTimes Inc.
FriendTimes Inc. is a company incorporated in the Cayman Islands, primarily involved in technology and financial services. It operates through its wholly-owned subsidiary, FriendTimes Technology, focusing on structured deposits and financial products.
Average Trading Volume: 1,850,490
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.83B
Find detailed analytics on 6820 stock on TipRanks’ Stock Analysis page.