Tongdao Liepin Group (HKG:6100) said its units subscribed to 157 million yuan worth of wealth management products offered by Bank of Hangzhou, according to a Hong Kong bourse filing Monday.
Shares of the talent acquisition firm gained over 1% in morning trade Tuesday.
The structured deposit products were subscribed to between end December and start February.
Tongdao Liepin said the wealth management products will help utilize temporary idle funds.
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