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Chunlizhengda Engages in Major Bank Deposits
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Chunlizhengda Engages in Major Bank Deposits

Beijing Chunlizhengda Medical Instruments Co., Ltd. Class H (HK:1858) has released an update.

Beijing Chunlizhengda Medical Instruments Co., Ltd. has engaged in a series of structured deposit transactions with the Bank of Beijing, totaling RMB760 million, using funds from their public issuance of A shares and internal resources. These transactions fall under the category of discloseable transactions as per the Listing Rules, due to the applicable percentage ratios being over 5%. The latest agreement involves a 95-day term deposit of RMB180 million, with returns linked to the EUR/USD exchange rate.

For further insights into HK:1858 stock, check out TipRanks’ Stock Analysis page.

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