Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H (HK:2411) has released an update.
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Shenzhen Pagoda Industrial (Group) Corp. Ltd has announced further investments in wealth management products, subscribing RMB230 million to a BOB Wealth Management Product and RMB175 million to a CITIC Wealth Management Product. The former is categorized as a discloseable transaction under the Listing Rules, with applicable percentage ratios exceeding 5%, while the latter, along with previous CITIC subscriptions, aggregates to a discloseable transaction. This financial move demonstrates the company’s ongoing engagement in structured deposit products linked to the EUR/USD exchange rate.
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