Tongda Group Holdings (DE:TJC) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Tongda Group Holdings has announced that its subsidiary, Tongda Chuang Zhi, has invested RMB 40 million from idle funds into a structured deposit product offered by Industrial Bank. The product, linked to the Shanghai gold index, offers an expected annualized return rate of 1.50% to 2.27% over a 91-day term. This investment is classified as a discloseable transaction under Hong Kong’s Listing Rules due to the percentage ratios involved.
For further insights into DE:TJC stock, check out TipRanks’ Stock Analysis page.
