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Fujikon Subsidiary Acquires Certificate of Deposit

Fujikon Subsidiary Acquires Certificate of Deposit

Fujikon Industrial Holdings Limited (HK:0927) has released an update.

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Fujikon Industrial Holdings Limited’s subsidiary, Smart Success, has acquired a USD 3 million certificate of deposit from ICBC Luxembourg Branch, aiming to enhance treasury management and maximize returns on unutilised funds. The transaction is considered discloseable as it meets certain criteria under the Listing Rules, yet the company acknowledges a non-compliance issue due to a management oversight in reporting and announcing the acquisition.

For further insights into HK:0927 stock, check out TipRanks’ Stock Analysis page.

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