Tongda Group Holdings (DE:TJC) has released an update.
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Tongda Group Holdings’ subsidiary, Tongda Chuang Zhi, has invested RMB 44 million in a wealth management product offered by Ping An Bank. The structured deposit promises an expected annualized return rate between 1.65% and 2.35% over a 62-day term. This move, classified as a discloseable transaction due to its size, signals the company’s strategy to manage its idle funds actively.
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