Tongda Group Holdings ( (HK:0698) ) has shared an update.
The company announced that its subsidiary, Tongda Chuang Zhi, has subscribed to several wealth management products using idle funds, totaling RMB50 million. This transaction is considered discloseable under the Hong Kong Listing Rules due to certain financial thresholds being met, highlighting the company’s strategic management of its financial resources.
More about Tongda Group Holdings
Tongda Group Holdings is a company incorporated in the Cayman Islands with a focus on wealth management products through its subsidiary, Tongda Chuang Zhi.
Average Trading Volume: 2,000
Current Market Cap: $140.4M
Learn more about 0698 stock on TipRanks’ Stock Analysis page.