Sichuan Kelun-Biotech Subscribes for BoCD's Structured Deposit for 200 Million Yuan

MT Newswires Live09-04

Sichuan Kelun-Biotech Biopharmaceutical (HKG:6990) subscribed for a unit structured deposit from Bank of Chengdu (SHA:601838) for a principal amount of 200 million yuan, a Wednesday filing with the Hong Kong Exchange said.

The structured deposit type is principal-guaranteed with a floating return. And it has an expected floating return rate between 1.54% and 2.70% per annum, with the bank guaranteeing a minimum 1.54% return rate.

The deposit's term is 115 days starting on Sept. 6 and expiring on Dec. 30.

The company has already subscribed for two other BoCD's structured deposits, bringing the total subscription amount to 450 million yuan.

The company's shares were up nearly 2% on Wednesday's close.

Price (HKD): $168.90, Change: $+2.5, Percent Change: +1.50%

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