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The latest announcement is out from Tongdao Liepin Group ( (HK:6100) ).
Tongdao Liepin Group, through its subsidiaries, has engaged in subscriptions of structured deposit products with XIB, totaling RMB225 million. These transactions are funded by the company’s surplus cash reserves and are categorized as discloseable transactions under the Listing Rules, requiring notification but not shareholder approval. The structured deposit products are principal-guaranteed with a low-risk level and offer a guaranteed minimum return, indicating a strategic move to manage surplus cash while ensuring financial security.
More about Tongdao Liepin Group
YTD Price Performance: 66.88%
Average Trading Volume: 4,067,233
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.71B
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