Chengdu Expressway Co., Ltd. Class H (HK:1785) has released an update.
Chengdu Expressway Co., Ltd. has subscribed to structured deposits with CCB and ICBC for RMB300 million and RMB200 million respectively, on July 2, 2024, with an expected annualized return rate between 1.05% to 2.70%. These transactions are classified as discloseable under the Listing Rules due to their percentage ratios, requiring reporting but not shareholder approval. The deposits are principal-guaranteed with returns tied to the Euro to US Dollar exchange rate, and the income will be paid out at maturity on October 11, 2024.
For further insights into HK:1785 stock, check out TipRanks’ Stock Analysis page.
