Tongdao Liepin Diversifies Cash Reserves into Structured Products

Tongdao Liepin Group (HK:6100) has released an update.

Tongdao Liepin Group has reported the subscription of structured deposit products with XIB through its subsidiaries, investing a total of RMB90 million in wealth management products with low-risk levels and guaranteed returns. The transactions are significant enough to be considered discloseable under the Listing Rules, but do not require shareholder approval. This strategic move utilizes the company’s surplus cash reserves and aligns with their financial management strategy.

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