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The latest update is out from Sundy Service Group Co. Ltd ( (HK:9608) ).
Sundy Service Group Co. Ltd’s subsidiary Hangzhou Xingrun has subscribed to a principal-guaranteed structured deposit product worth RMB24.8 million from China Minsheng Bank, using the group’s internal idle funds to enhance treasury returns. The 90-day, gold-linked product, offering a floating annualized yield of 1.0%–1.92% and classified by the bank as low risk, is not expected to affect the group’s liquidity and qualifies as a discloseable transaction under Hong Kong listing rules, signaling a cautious but more yield-focused approach to managing surplus cash for the benefit of stakeholders.
More about Sundy Service Group Co. Ltd
Sundy Service Group Co. Ltd, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Hangzhou Xingrun and manages funds within mainland China’s financial system, using domestic banks for treasury and cash management activities.
Average Trading Volume: 915,555
Technical Sentiment Signal: Sell
Current Market Cap: HK$261.1M
Learn more about 9608 stock on TipRanks’ Stock Analysis page.