Tongda Group Subsidiaries Deploy Idle Funds into Wealth Management Products
Stock News
Feb 12
Tongda Group announced that on December 30, 2025, and February 12, 2026, its indirectly held non-wholly owned subsidiaries, Tongda Chuangzhi (Xiamen) and Tongda Chuangzhi (Shishi), utilized their idle capital to subscribe to several wealth management products. The subscriptions included (i) the first Industrial Bank wealth management product, the second Industrial Bank wealth management product, the third Industrial Bank wealth management product, and the fourth Industrial Bank wealth management product. The respective subscription amounts were RMB 14 million, RMB 18 million, RMB 45 million, and RMB 17 million.
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