An update from Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) is now available.
Jiangsu Lopal Tech Co., Ltd. has announced the subscription of a wealth management product from ICBC worth RMB200 million. This transaction is considered a discloseable transaction under Hong Kong’s Listing Rules, as it exceeds a 5% but less than 25% applicable percentage ratio. The investment is structured as a low-risk, 62-day term deposit linked to the EUR/USD exchange rate. The company’s directors believe this move will optimize the use of idle funds, enhance capital utilization, and increase income without affecting the company’s working capital or operations.
More about Jiangsu Lopal Tech Co. Ltd. Class H
Jiangsu Lopal Tech Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates within the financial industry, focusing on wealth management products and investment services.
YTD Price Performance: 24.69%
Average Trading Volume: 11,136,506
Current Market Cap: HK$7.28B
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