Archosaur Games Unit Invests Nearly $21 Million in Wealth Products
MT Newswires Live
Jan 26
Archosaur Games (HKG:9990) said its wholly owned subsidiary subscribed to wealth management products through Morgan Stanley Asia, with total outstanding investments of $20.8 million, according to a Jan. 23 Hong Kong bourse filing.
Shares of the firm were down over 1% in Monday's late morning trade.
The subscriptions include $10.7 million in structured notes, comprising $5.7 million in USD-denominated callable range accrual notes and $5 million in callable zero-coupon notes.
The investments were funded from internal resources and form part of the group's treasury management of surplus cash, the company said.
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