Shanghai Fudan Zhangjiang Bio Pharmaceutical Co (DE:FDY) has released an update.
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Shanghai Fudan Zhangjiang Bio Pharmaceutical Co has utilized RMB200 million of its idle funds to subscribe to a principal-guaranteed structured deposit product with SPD Bank, effective from 10 October 2024. The 77-day investment offers a floating return rate between 1.10% and 2.40% based on the performance of the EUR/USD exchange rate, without the requirement for shareholder approval, as the transaction falls within the permissible range under the Listing Rules.
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