Joinn Laboratories (China) (HKG:6127, SHA:603127) said an affiliate subscribed for Bank of Jiangsu's (SHA:600919) four deposit products for 440 million yuan, according to a Hong Kong bourse filing on Thursday.
The four products include a 150 million yuan floating-income product with an expected return of 0.1% to 2.45% maturing on May 22, a 60 million yuan plan offering 1.6%to 2.50% maturing on Dec. 27, a 200 million yuan investment yielding 1% to 2.56% maturing on Aug. 26, and a 30 million yuan structured deposit with a return of either 1.50% or 2.45% percent maturing on Nov. 23.
Joinn Laboratories, a Chinese provider of preclinical and non-clinical research services, expects total interest from the investments to range from 74,000 yuan to 2.5 million yuan.
The company's Hong Kong shares jumped less than 7% in recent trade. Shanghai shares closed less than 3% higher.
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