Zengame Technology Completes USD 26.5 Million Redemption of UBS Wealth Products
Zengame Technology Holding Ltd. has completed the redemption of approximately USD 26.5 million in Money Market Fund products from UBS AG, resulting in a gain of about USD 0.6 million for general working capital and short-term investments. This transaction aligns with the company's strategy to optimize cash and bank balances. The latest analyst rating for Zengame Technology (HK:2660) is a Hold with a price target of HK$2.50. The company focuses on treasury management and wealth management products, with a current market cap of HK$2.34B.
Zengame Technology Holding Ltd. ( (HK:2660) ) has shared an update.
Zengame Technology Holding Ltd. announced the redemption of Money Market Fund products totaling approximately USD 26.5 million from UBS AG. This move, part of the company’s treasury operations, resulted in a gain of about USD 0.6 million, which will be used for general working capital and short-term investments. The redemptions, classified as disclosable transactions under Hong Kong’s Listing Rules, reflect the company’s strategy to optimize cash and bank balances, aligning with its wealth management policy.
The most recent analyst rating on (HK:2660) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Zengame Technology Holding Ltd. stock, see the HK:2660 Stock Forecast page.
More about Zengame Technology Holding Ltd.
Zengame Technology Holding Ltd. is a company involved in treasury management activities, focusing on wealth management products. The company operates in the financial sector, engaging in the subscription and redemption of various financial products offered by different institutions.
Average Trading Volume: 944,059
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.34B
