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Times Neighborhood Holdings Ltd. ( (HK:9928) ) just unveiled an announcement.
Times Neighborhood Holdings Limited, through its wholly-owned subsidiary Shidai Xinhui, has engaged in the subscription of two wealth management products with a total investment of RMB40,000,000. These investments were made using surplus cash reserves and involved partnerships with GF Securities as the investment advisor, SDIC Taikang Trust, and Chasing Trust as trustees. The transactions are classified as discloseable under Hong Kong’s Listing Rules, indicating a strategic move to optimize cash reserves and potentially enhance returns, while adhering to regulatory compliance.
The most recent analyst rating on (HK:9928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Times Neighborhood Holdings Ltd. stock, see the HK:9928 Stock Forecast page.
More about Times Neighborhood Holdings Ltd.
Average Trading Volume: 569,339
Technical Sentiment Signal: Buy
Current Market Cap: HK$550.1M
Learn more about 9928 stock on TipRanks’ Stock Analysis page.