Qyuns Therapeutics Subscribes to Two Wealth Management Products from Shanghai Pudong Development Bank; Shares Fall 1%

MT Newswires Live

07/07

Qyuns Therapeutics (HKG:2509) said it would funnel 120 million yuan in idle funds to two wealth management products offered by Shanghai Pudong Development Bank (SHA:600000), according to a Friday Hong Kong bourse filing.

Shares fell over 1% in morning trade Monday.

The first product is worth 60 million yuan with a guaranteed yield of 0.70% and a floating mid-range yield of 0% or 0.95% or a 1.15% high-range floating yield.

The second product is worth 60 million yuan with a guaranteed yield of 0.70% and a floating mid-range yield of 0% or 1.20% or a high-range yield of 1.40%, the filing said.

Both products will mature on Oct. 9.

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