Movement Alert｜REMEGEN falls 5.03% in Regular Trading, after disclosing RMB370 million purchase of SPD Bank wealth products

Market Focus13:26

On October 15, REMEGEN fell 5.03% in regular trading, trading at HK$63.35, with turnover of HK$133 million.

The latest disclosed catalyst is the company’s announcement that it signed two wealth management agreements with SPD Bank Yantai Branch on October 14, using RMB70 million of idle proceeds and RMB300 million of idle proprietary funds, for a total of RMB370 million.

According to the filing, the two principal-protected floating-yield products have terms of 69 days and 30 days, with expected annualized returns of 0.7% to 1.95%, and the bank has an early termination right. Combined with two similar subscriptions in May totaling RMB300 million that remain outstanding, REMEGEN’s purchases of such products from the same bank within 12 months reached RMB670 million, constituting a disclosable transaction under Hong Kong listing rules.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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