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LifeTech Scientific Corporation ( (HK:1302) ) has provided an update.
LifeTech Scientific Corporation’s wholly-owned subsidiary, Lifetech Shenzhen, has entered into Structured Deposit Agreements with China Merchants Bank, subscribing to principal-protected and floating income structured deposits totaling RMB273,000,000. These transactions, while not individually discloseable, collectively constitute a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from circular and shareholder approval.
More about LifeTech Scientific Corporation
LifeTech Scientific Corporation is a company incorporated in the Cayman Islands, operating in the medical device industry. It focuses on developing and manufacturing advanced medical devices, with a market focus on providing innovative solutions for cardiovascular and peripheral vascular diseases.
YTD Price Performance: 22.30%
Average Trading Volume: 22,251,442
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$7.34B
Learn more about 1302 stock on TipRanks’ Stock Analysis page.