TVT Digital Technology Buys Three Wealth Management Products for 80 Million Yuan

MT Newswires Live10-07

Shenzhen TVT Digital Technology (SHE:002835) bought three wealth management products for a total of 80 million yuan, according to a Sept. 30 disclosure on the Shenzhen Stock Exchange.

The Chinese video security products manufacturer bought two structured deposit products from Bank of China (HKG:3988, SHA:601988) for 24 million yuan and 26 million yuan. The first product has an annualized rate of return of between 1.09% and 2.64% and the second product's annualized rate of return is between 1.10% and 2.65%, with their terms ending on Dec. 9 and Dec. 11, respectively.

The third structured deposit product was bought for 30 million yuan from China Merchants Bank (HKG:3968, SHA:600036). The product has an annualized return rate of 1.55% to 2.22%, with a maturity on Oct. 31.

Price (HKD): $16.35, Change: $+1.3, Percent Change: +8.64%

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