tiprankstipranks
Trending News
More News >

Sundy Service Group Redeems Structured Deposit for RMB50 Million

Story Highlights
  • Sundy Service Group Co. Ltd redeemed a structured deposit from China Minsheng Bank for RMB50 million.
  • The redemption generated RMB185,720.55 in interest income, to be used as general working capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sundy Service Group Redeems Structured Deposit for RMB50 Million

Confident Investing Starts Here:

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

Sundy Service Group Co. Ltd has announced the redemption of a structured deposit product from China Minsheng Bank, initially subscribed for RMB50 million. The redemption, which generated an unaudited interest income of approximately RMB185,720.55, is classified as a discloseable transaction under the Hong Kong Listing Rules. The proceeds from this redemption will be used as general working capital for the group, and it signifies the company’s strategic financial management to optimize its internal funds.

More about Sundy Service Group Co. Ltd

Sundy Service Group Co. Ltd is an investment holding company and an integrated property management service provider based in Zhejiang province, China. The company offers a variety of property management services, value-added services to non-property owners, community value-added services, and operates other businesses including long-term apartment and hotel businesses.

Average Trading Volume: 2,499,333

Technical Sentiment Signal: Sell

Current Market Cap: HK$445.4M

Learn more about 9608 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1