Tongda Group Holdings (DE:TJC) has released an update.
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Tongda Group Holdings has announced that its subsidiary Tongda Chuang Zhi has invested RMB 50 million in a wealth management product from Industrial Bank, expected to yield an annualized return rate of 1.50% to 2.25%. The investment is a structured deposit linked to the Shanghai gold index, with a 61-day term. This transaction is classified as discloseable under the Listing Rules due to its percentage ratios, necessitating public notification and announcement.
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