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Zengame Technology Holding Ltd. ( (HK:2660) ) has issued an announcement.
Zengame Technology Holding Ltd. announced the redemption of its investment in Morning Gold No. 7007, a non-principal guaranteed wealth management product issued by China Merchants Bank. The redemption, part of the company’s routine treasury operations, amounted to approximately RMB 204.2 million and resulted in a gain of RMB 0.9 million. This move aligns with the company’s strategy to optimize cash and bank balances, and the proceeds will be used for general working capital and short-term investments. The transaction is classified as a disclosable transaction under Hong Kong’s listing rules, requiring reporting and announcement but exempt from shareholder approval.
More about Zengame Technology Holding Ltd.
Zengame Technology Holding Ltd. is an established mobile game developer and operator in the People’s Republic of China, focusing on card and board games as well as other casual mobile games.
Average Trading Volume: 422,494
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.25B
Find detailed analytics on 2660 stock on TipRanks’ Stock Analysis page.