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The latest update is out from Shanghai Fudan Zhangjiang Bio Pharmaceutical Co ( (HK:1349) ).
Shanghai Fudan Zhangjiang Bio Pharmaceutical Co has entered into agreements with the Bank of China to subscribe to structured deposit products worth RMB170 million. This investment utilizes the company’s temporary idle proceeds from the public issuance of A shares. The transaction is classified as a disclosable transaction under the listing rules, requiring reporting and announcement but exempt from shareholder approval. This strategic financial move is expected to optimize the company’s capital management, potentially enhancing its financial stability and operational flexibility.
More about Shanghai Fudan Zhangjiang Bio Pharmaceutical Co
Average Trading Volume: 18,373,653
Current Market Cap: HK$1.12B
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