Immunotech Biopharm Invests 50 Million Yuan in Structured Deposit Product

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Immunotech Biopharm (HKG:6978) invested 50 million yuan in a structured deposit product from SPD Bank, according to a Hong Kong bourse filing Wednesday.

The 29-day product has an expected annualized rate of return of 0.70% or 2% to 2.2%, depending on the prevailing EUR/USD spot exchange rate on March 26, around the time the product expires.

The firm said the investment will help utilize idle cash.

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