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The latest announcement is out from Sundy Service Group Co. Ltd ( (HK:9608) ).
Sundy Service Group Co. Ltd, through its subsidiary Hangzhou Xingrun, has entered into a Structured Deposit Product Agreement with China Minsheng Bank to invest RMB50 million of its idle funds. This investment aims to generate better returns by utilizing internal funds. The agreement involves a principal-guaranteed deposit with a floating interest rate linked to the euro/dollar exchange rate, maturing in 91 days. As the transaction exceeds certain percentage ratios, it is classified as a discloseable transaction under the Listing Rules, necessitating reporting and announcement requirements.
More about Sundy Service Group Co. Ltd
Average Trading Volume: 2,274,222
Technical Sentiment Signal: Sell
Current Market Cap: HK$414.7M
Learn more about 9608 stock on TipRanks’ Stock Analysis page.