LUDASHI Subsidiary Purchases RMB45M Structured Deposit Product

AASTOCKS

2024-07-04 16:49

In order to fully utilize LUDASHI (03601.HK)'s idle funds and generate better returns, Chengdu Qilu, a subsidiary of the Group, entered into the S...

　　In order to fully utilize LUDASHI (03601.HK) 0.000 (0.000%) 's idle funds and generate better returns, Chengdu Qilu, a subsidiary of the Group, entered into the Structured Deposit Product Agreement with CM BANK (03968.HK) +0.600 (+1.788%) Short selling $136.93M; Ratio 18.946% today (4th), according to LUDASHI's announcement.

　　Pursuant to which, Chengdu Qilu agreed to subscribe for the Structured Deposit Product of RMB45 million from CM BANK, with an expected maturity interest rate per annum ranging from 1.65-2.46% for a term of 21 days and an expiry date of 26 July 2024.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-04 16:25.)

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