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An announcement from Tongdao Liepin Group ( (HK:6100) ) is now available.
Tongdao Liepin Group has announced the subscription of wealth management products through its subsidiaries, utilizing surplus cash reserves. These transactions, involving structured deposit products with XIB, amount to RMB110 million and are classified as discloseable under Hong Kong’s Listing Rules, though they do not require shareholder approval. The investments are pegged to the EUR/USD exchange rate and offer a principal-guaranteed return, indicating a strategic move to optimize cash reserves while maintaining low-risk exposure.
The most recent analyst rating on (HK:6100) stock is a Hold with a HK$4.50 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
Average Trading Volume: 1,935,067
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.14B
Find detailed analytics on 6100 stock on TipRanks’ Stock Analysis page.