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Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) has provided an announcement.
Jiangsu Lopal Tech Co., Ltd. has announced its subscription to two wealth management products from ICBC, totaling RMB400 million. These transactions are classified as discloseable under the Listing Rules, given their percentage ratio, and they reflect the company’s strategic financial management decisions. The investments are structured deposits with a very low risk profile, offering a principal and minimum return guarantee, with expected annualized return rates ranging from 0.40% to 1.99%.
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, operating in the financial technology sector with interests in wealth management products.
YTD Price Performance: -2.04%
Average Trading Volume: 12,338,781
Current Market Cap: HK$5.59B
See more insights into 2465 stock on TipRanks’ Stock Analysis page.