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The latest announcement is out from Freetech Road Recycling Technology (Holdings) Ltd. ( (HK:6888) ).
Freetech Road Recycling Technology (Holdings) Ltd. announced that its subsidiaries, Freetech Recycling and Nanjing Freetech, have subscribed to structured deposit products with various financial institutions, including Jiangsu Bank and CITIC Bank. The transactions, categorized as discloseable and major transactions under the Hong Kong Stock Exchange Listing Rules, have been approved by the company’s controlling shareholders, negating the need for an extraordinary general meeting. This move is part of the company’s financial strategy to optimize returns on its cash reserves, potentially impacting its financial performance and stakeholder interests.
More about Freetech Road Recycling Technology (Holdings) Ltd.
Freetech Road Recycling Technology (Holdings) Ltd. operates in the recycling technology industry, focusing on road recycling. The company provides innovative solutions for road maintenance and recycling, aiming to enhance sustainability and efficiency in infrastructure development.
Average Trading Volume: 160,613
Technical Sentiment Signal: Sell
Current Market Cap: HK$150.2M
See more data about 6888 stock on TipRanks’ Stock Analysis page.