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Sundy Service Group Engages in Structured Deposit to Optimize Idle Funds

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Sundy Service Group Engages in Structured Deposit to Optimize Idle Funds

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An update from Sundy Service Group Co. Ltd ( (HK:9608) ) is now available.

Sundy Service Group Co. Ltd, through its subsidiary Hangzhou Xingrun, has entered into a Structured Deposit Product Agreement with China Minsheng Bank to utilize idle funds and generate better returns. The agreement involves a subscription of RMB50 million in a principal-guaranteed deposit linked to the euro/dollar exchange rate, with a floating interest rate and a 90-day term. This transaction is classified as discloseable under the Listing Rules due to its applicable percentage ratios, necessitating reporting and announcement requirements.

More about Sundy Service Group Co. Ltd

YTD Price Performance: -16.96%

Average Trading Volume: 882,586

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$733.4M

Find detailed analytics on 9608 stock on TipRanks’ Stock Analysis page.

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