Immunotech Biopharm’s Profitable Certificates Disposal

Immunotech Biopharm Ltd (HK:6978) has released an update.

Immunotech Biopharm Ltd has announced the disposal of Certificates of Deposits worth RMB80.0 million, through Beijing Yongtai and Minsheng Bank, for an aggregate consideration of approximately RMB82.6 million, resulting in an unaudited interest income of about RMB2.6 million. This series of transactions exceeded a 5% ratio but stayed below 25%, making it a discloseable event under the Listing Rules, requiring only reporting and announcement without the need for shareholder approval.

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