---
title: "Sundy Service Group Engages in Structured Deposit to Optimize Idle Funds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229884523.md"
description: "Sundy Service Group Co. Ltd (HK:9608) has entered a Structured Deposit Product Agreement with China Minsheng Bank, investing RMB50 million in a principal-guaranteed deposit linked to the euro/dollar exchange rate. This 90-day term deposit aims to optimize idle funds and enhance returns. The transaction is discloseable under Listing Rules due to its percentage ratios. Year-to-date, the stock has declined by 16.96%, with an average trading volume of 882,586 and a current market cap of HK$733.4M."
datetime: "2025-02-27T09:21:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229884523.md)
  - [en](https://longbridge.com/en/news/229884523.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229884523.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/229884523.md) | [繁體中文](https://longbridge.com/zh-HK/news/229884523.md)


# Sundy Service Group Engages in Structured Deposit to Optimize Idle Funds

An update from Sundy Service Group Co. Ltd ( (HK:9608) ) is now available.

Sundy Service Group Co. Ltd, through its subsidiary Hangzhou Xingrun, has entered into a Structured Deposit Product Agreement with China Minsheng Bank to utilize idle funds and generate better returns. The agreement involves a subscription of RMB50 million in a principal-guaranteed deposit linked to the euro/dollar exchange rate, with a floating interest rate and a 90-day term. This transaction is classified as discloseable under the Listing Rules due to its applicable percentage ratios, necessitating reporting and announcement requirements.

**More about Sundy Service Group Co. Ltd**

**YTD Price Performance:** -16.96%

**Average Trading Volume:** 882,586

**Technical Sentiment Consensus Rating:** Sell

**Current Market Cap:** HK$733.4M

Find detailed analytics on 9608 stock on TipRanks’ Stock Analysis page.

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