Tongda Group Diversifies with Wealth Product Subscriptions

Tongda Group Holdings (DE:TJC) has released an update.

Tongda Chuang Zhi, a subsidiary of Tongda Group Holdings, has invested in Wealth Management Products from the First and Second Industrial Banks, with a total subscription amount of RMB 70 million. These investments, which include an index-linked structured deposit with an expected annualized return rate between 1.50% and 2.57%, are classified as a discloseable transaction as per the Listing Rules, requiring public disclosure due to significant investment ratios.

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