Da Yu Financial Expands Investment Portfolio

Da Yu Financial Holdings Limited (HK:1073) has released an update.

Da Yu Financial Holdings Limited, through its indirect wholly-owned subsidiary, has engaged in a transaction purchasing US$1 million worth of notes for approximately HK$7.4 million, bringing its total investment to US$2 million and HK$14.2 million in cost. This transaction is classified as discloseable according to the Listing Rules due to its size, and was funded using the group’s internal resources. The notes, issued by Elect Global Investments Limited and guaranteed by Hysan Development Company Limited, have a current credit rating of Baa2 by Moody’s and BBB by Fitch, with specific terms including a junior subordinated rank and callability features.

For further insights into HK:1073 stock, check out TipRanks’ Stock Analysis page.