Tongdao Liepin Group (HK:6100) has released an update.
Tongdao Liepin Group has announced that it utilized its surplus cash reserves to subscribe to two structured deposit products from Bank of Changsha, totaling an investment of RMB 60 million. The investments, which have low-risk profiles and guaranteed returns, are part of the company’s strategy to efficiently manage temporary idle funds to enhance capital gains, without requiring shareholder approval. The company believes these subscriptions align with their objectives of ensuring capital safety and liquidity while supporting daily operations.
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