CR HOLDINGS (HKEX: 01911) has announced that on July 20, 2026, the group, through its wholly-owned subsidiary acting as the subscriber, has subscribed for trust deposits with a total principal amount of US$12 million via LGT.
This subscription provides the group with an opportunity to deploy its idle funds into US dollar-denominated trust time deposits through LGT, with the potential to earn returns that are more attractive than those from traditional bank deposits.
The company believes this transaction will enhance the group's capital efficiency and investment returns, as well as diversify its fund management arrangements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments