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The latest announcement is out from Tongdao Liepin Group ( (HK:6100) ).
Tongdao Liepin Group has subscribed to four corporate structured deposit products with Xiamen International Bank, totaling RMB150 million, using surplus cash reserves and redeemed principal from earlier products, in a move to optimize treasury management without requiring shareholder approval under Hong Kong listing rules. The company also details a series of prior subscriptions to Tianlibao structured deposit wealth management products with Bank of Hunan, underscoring its continued reliance on low-risk bank products to improve yields on idle cash, which may modestly enhance financial income while keeping within regulatory thresholds for discloseable transactions.
The most recent analyst rating on (HK:6100) stock is a Buy with a HK$3.60 price target. To see the full list of analyst forecasts on Tongdao Liepin Group stock, see the HK:6100 Stock Forecast page.
More about Tongdao Liepin Group
Tongdao Liepin Group, incorporated in the Cayman Islands and listed in Hong Kong, operates in the human resources and online recruitment services industry through various PRC subsidiaries. The group manages surplus cash via structured deposits and wealth management products with Chinese banks to enhance returns while maintaining liquidity and capital preservation for its core HR and recruitment operations.
Average Trading Volume: 1,209,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.37B
Learn more about 6100 stock on TipRanks’ Stock Analysis page.