Tongdao Liepin Group Engages in Strategic Wealth Management Subscriptions

An update from Tongdao Liepin Group ( (HK:6100) ) is now available.

Tongdao Liepin Group, through its subsidiaries, has engaged in a series of subscriptions for wealth management products with XIB. The latest transaction, dated 5 February 2025, involves an RMB80.0 million investment in a principal-guaranteed corporate structured deposit product pegged to the EUR/USD exchange rate, with a low-risk assessment and varying annualized returns. This activity, together with previous similar transactions, constitutes a discloseable transaction under Hong Kong’s Listing Rules. While the highest applicable percentage ratio for these transactions is over 5% but under 25%, they do not require shareholder approval but are subject to notification and announcement requirements.

More about Tongdao Liepin Group

YTD Price Performance: -1.56%

Average Trading Volume: 2,526,722

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.43B

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