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Shanghai Fudan Zhangjiang Bio Pharmaceutical Co Engages in RMB100 Million Structured Deposit Subscription

Story Highlights
  • Shanghai Fudan Zhangjiang Bio Pharmaceutical Co subscribes to RMB100 million structured deposit products.
  • The transactions are discloseable under Listing Rules, impacting financial strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shanghai Fudan Zhangjiang Bio Pharmaceutical Co Engages in RMB100 Million Structured Deposit Subscription

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Shanghai Fudan Zhangjiang Bio Pharmaceutical Co ( (HK:1349) ) has issued an update.

Shanghai Fudan Zhangjiang Bio Pharmaceutical Co has entered into agreements with China Merchants Bank to subscribe to structured deposit products totaling RMB100 million using its idle funds. These transactions are classified as discloseable under the Listing Rules, requiring reporting and announcement but not shareholder approval, potentially impacting the company’s financial management strategy.

More about Shanghai Fudan Zhangjiang Bio Pharmaceutical Co

Shanghai Fudan Zhangjiang Bio Pharmaceutical Co is a company operating in the biopharmaceutical industry, focusing on the development and commercialization of innovative pharmaceutical products. The company is involved in creating advanced medical solutions and has a market focus on leveraging its research capabilities to enhance healthcare outcomes.

Average Trading Volume: 18,256,511

Current Market Cap: HK$1.09B

For detailed information about 1349 stock, go to TipRanks’ Stock Analysis page.

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