360 Ludashi Holdings Dives into New Gold-Linked Deposit

360 Ludashi Holdings Limited (HK:3601) has released an update.

360 Ludashi Holdings Limited has utilized its idle cash to subscribe to a new Structured Deposit Product from China Merchants Bank for RMB43 million, following the maturity and redemption of a previous structured deposit. The fresh investment is linked to gold prices, offering a principal-guaranteed return with a floating interest rate, and is part of a series of similar financial activities that classify the transaction as discloseable under the Listing Rules.

For further insights into HK:3601 stock, check out TipRanks’ Stock Analysis page.