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Yidu Tech, Inc. ( (HK:2158) ) just unveiled an announcement.
Yidu Tech Inc. has announced its subscription to treasury management products offered by Goldman Sachs (GS) and JPMorgan Chase (JPM) on June 5, 2025. These subscriptions, financed by the company’s own funds, are part of a strategic move to manage surplus cash and hedge against market uncertainties, aiming to ensure long-term stability and development. The transactions are considered discloseable under Hong Kong’s Listing Rules, with each subscription exceeding a 5% but less than 25% applicable percentage ratio, thus requiring notification and announcement but not shareholder approval.
The most recent analyst rating on (HK:2158) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on Yidu Tech, Inc. stock, see the HK:2158 Stock Forecast page.
More about Yidu Tech, Inc.
Average Trading Volume: 15,447,001
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.37B
See more insights into 2158 stock on TipRanks’ Stock Analysis page.