Yidu Tech Inc (02158.HK) saw its stock price surge by 5.09% in early trading on Friday, following the announcement of its subscription to significant treasury management products. The healthcare technology company's strategic financial move has evidently caught the attention of investors, driving the stock's impressive gain.

According to the company's statement, Yidu Tech has subscribed to treasury management products offered by two major financial institutions, Goldman Sachs (GS) and JPMorgan (JPM). Each subscription involves fixed-rate callable notes with a principal amount of USD 60 million, bringing the total investment to USD 120 million. This substantial financial commitment suggests a strong cash position and a proactive approach to capital management by Yidu Tech.

The market's positive reaction to this news indicates that investors view these financial maneuvers favorably, possibly interpreting them as a sign of the company's financial health and strategic planning. As Yidu Tech continues to strengthen its position in the healthcare technology sector, its treasury management decisions appear to be bolstering investor confidence, as reflected in today's significant stock price increase.