Tongda Group Diversifies With Bank Investments

Tongda Group Holdings (HK:0698) has released an update.

Tongda Group Holdings, through its subsidiary Tongda Chuang Zhi, has entered the financial management sphere with significant investments in wealth management products offered by Ping An Bank. On two occasions, the subsidiary has collectively invested RMB 50 million into index-linked structured deposits that promise an annualized return rate between 1.85% to 2.80%. These transactions have been classified as discloseable under the Listing Rules due to their size, necessitating public disclosure.

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