Tongda Group Holdings (HKG:0698) indirect non-wholly owned subsidiary Tongda Chuang Zhi subscribed to a wealth management program of Industrial Bank (SHA:601166) for 50 million yuan, according to a Friday filing with the Hong Kong Stock Exchange.
The index-linked structured deposit product has a term of 92 days with an expected annualized rate of return from 1.5% to 2.57%, the filing said.
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