Tongdao Liepin Group (HK:6100) has released an update.
Tongdao Liepin Group has engaged in a series of structured deposit product subscriptions with XIB, totaling RMB260 million across various subsidiaries, with terms ranging from 17 to 30 days and featuring principal-guaranteed returns. These transactions are classified as discloseable under the Listing Rules, with the aggregate percentage ratio exceeding 5%, but not requiring shareholder approval. The Group’s strategic financial management showcases an active approach to leveraging wealth management products for revenue generation.
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