Zengame Fully Redeems UBS Money Market Funds, Books USD 0.7 Million Gain

Zengame Technology Holding Ltd. ( (HK:2660) ) has issued an update.

Zengame Technology Holding Ltd. has actively used low-risk money market funds and other wealth management products from different financial institutions as part of its treasury management, focusing on optimizing cash utilization while maintaining liquidity. Its subscriptions with UBS AG were confined to a non-principal guaranteed money market fund with floating returns and no fixed maturity, which the group could redeem at its discretion.

Between April 2025 and March 2026, the group subscribed for about USD 36.3 million in UBS-issued money market funds and has now fully redeemed these holdings in two tranches totaling the same amount, realizing an unaudited gain of approximately USD 0.7 million. The redemptions, classified as discloseable transactions under Hong Kong listing rules but exempt from shareholder approval, will see proceeds moved into bank deposits and used for general working capital and short-term investments, underscoring the company’s conservative liquidity and risk management approach.

The most recent analyst rating on (HK:2660) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Zengame Technology Holding Ltd. stock, see the HK:2660 Stock Forecast page.

More about Zengame Technology Holding Ltd.

Zengame Technology Holding Ltd. is a Cayman Islands-incorporated company listed in Hong Kong that operates through various subsidiaries. The group engages in treasury management activities, using wealth management products and money market funds to optimize returns on its cash and bank balances as part of its overall financial strategy.

Average Trading Volume: 387,889

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.31B

For a thorough assessment of 2660 stock, go to TipRanks’ Stock Analysis page.