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The latest update is out from RemeGen Co. Ltd. Class H ( (HK:9995) ).
RemeGen Co., Ltd., a joint stock company incorporated in the People’s Republic of China, has announced a discloseable transaction involving the purchase of a wealth management product. The company has decided to utilize RMB300.0 million of its idle self-owned funds to purchase a principal-guaranteed bank wealth management product from SPDB Yantai Branch. This transaction, along with previous similar agreements with SPDB, is considered a discloseable transaction under the Listing Rules due to the aggregated percentage ratios exceeding 5%. This move is part of the company’s cash management strategy and reflects its approach to managing idle funds.
The most recent analyst rating on (HK:9995) stock is a Sell with a HK$73.00 price target. To see the full list of analyst forecasts on RemeGen Co. Ltd. Class H stock, see the HK:9995 Stock Forecast page.
More about RemeGen Co. Ltd. Class H
Average Trading Volume: 11,354,797
Technical Sentiment Signal: Buy
Current Market Cap: HK$50.43B
For detailed information about 9995 stock, go to TipRanks’ Stock Analysis page.