Tongda Chuang Zhi, an indirect non-wholly owned subsidiary of Tongda Group Holdings Ltd., recently subscribed to an ICBC Wealth Management Product using its idle funds. The subscription amounted to RMB156 million and is classified as a currency-linked structured deposit with both fixed and floating returns. Set to commence on 7 July 2025, the product has a term of 29 days and offers an expected annualized return rate ranging from 0.65% to 1.99%. Tongda Chuang Zhi, based in the PRC, is primarily involved in the production of durable household goods, household utensils, sports goods, and healthcare goods.
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. Tongda Group Holdings Ltd. published the original content used to generate this news brief on July 03, 2025, and is solely responsible for the information contained therein.