Da Yu Financial Holdings Limited (HK:1073) has released an update.
Da Yu Financial Holdings Limited, through a subsidiary, has expanded its investment portfolio by acquiring US$250,000 in notes at a discount, cumulatively holding US$1.8 million with intentions to invest up to US$2.0 million. This transaction, not considered major, still necessitates disclosure due to its size relative to the company’s financials, as required by Hong Kong’s Listing Rules. The investment was made using the company’s internal resources and involves notes issued by Shui On Development (Holding) Limited, guaranteed by Shui On Land Limited, with various maturities and coupon rates.
For further insights into HK:1073 stock, check out TipRanks’ Stock Analysis page.
