Shanghai Fudan Zhangjiang Bio Pharmaceutical Co (DE:FDY) has released an update.
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Shanghai Fudan Zhangjiang Bio Pharmaceutical Co has allocated RMB200 million from its idle operating funds to subscribe to a structured deposit product with Ping An Bank, effective from July 3, 2024. The 89-day medium to low-risk investment is principal-guaranteed, linked to gold, and offers a floating return of 1.15%-2.44% annually. This financial move is classified as a disclosable transaction, adhering to reporting requirements without necessitating shareholder approval.
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