SZ Expressway Subscribes to RMB1 Billion in Structured Deposits

Shenzhen International Holdings ( (HK:0152) ) has issued an update.

Shenzhen International Holdings, through its subsidiary SZ Expressway, has announced the subscription of two structured deposit products, each valued at RMB500 million, with Jiangsu Bank. These investments are principal-guaranteed with floating returns, offering a return rate between 1.2% and 3.1%. The transactions, completed within a short timeframe, have implications under the Hong Kong Listing Rules, classifying them as discloseable transactions for SZ International due to the aggregate percentage ratios exceeding 5% but remaining under 25%. This move reflects SZ International’s strategic financial management and investment approach, potentially impacting its financial positioning and stakeholder interests.

More about Shenzhen International Holdings

Average Trading Volume: 4,966,044

Technical Sentiment Signal: Buy

Current Market Cap: HK$19.6B

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