Sundy Service Co. Ltd. has announced the redemption of its Structured Deposit Product from China Minsheng Bank, initially subscribed at RMB50.0 million. The redemption is considered a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, as it exceeds 5% of the applicable percentage ratios but remains below 25%. The redemption, which aligns with the company's treasury policy, is expected to enhance the utilization of idle funds and provide better returns. The proceeds will be utilized as general working capital for the Group. The transaction is deemed fair and reasonable, reflecting minimal risk due to the principal-guaranteed nature of the investment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sundy Service Co. Ltd. published the original content used to generate this news brief on May 29, 2025, and is solely responsible for the information contained therein.