Tongdao Liepin Group (HK:6100) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score a data driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Tongdao Liepin Group has engaged in two major wealth management product subscriptions through its subsidiary TD Elite, investing a total of RMB 130 million of its surplus cash reserves in structured time deposits with low-risk profiles and expected annual returns between 1.65% and 2.80%. These transactions are classified as discloseable under the Listing Rules and are notable for not requiring shareholder approval. The investments, tied to the EUR/USD exchange rate, reflect the company’s strategic financial management and the absence of early termination rights emphasizes their commitment to these investment terms.
For further insights into HK:6100 stock, check out TipRanks’ Stock Analysis page.