SUNART RETAIL Subscribes to RMB500 Million Structured Deposit Product from ICBC

Stock News10-26 18:40

SUNART RETAIL (06808) announced that on October 26, 2026, in order to effectively utilize idle funds, the company, through its indirectly wholly-owned subsidiary Kangcheng Investment (China), subscribed to a structured deposit product issued by ICBC with a principal amount of RMB500 million pursuant to the subscription matter.

The subscription was made under the company's subscription arrangement, with SUNART RETAIL (ASX: 06808) using its indirectly wholly-owned subsidiary to participate in the product.

The structured deposit product was issued by ICBC (ASX: 01398), with a principal amount of RMB500 million.

The purpose of the subscription was to effectively utilize the company's idle funds.

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