Tongda Group Holdings (DE:TJC) has released an update.
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Tongda Group Holdings’ subsidiary Tongda Chuang Zhi has invested in two Wealth Management Products from Industrial Bank, with a combined subscription amount of RMB 51 million. This transaction is classified as a discloseable event according to listing rules, due to the percentage ratios involved. The short-term investments are linked to the Shanghai gold index and offer expected annual returns between 1.50% and 2.30%.
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