Yidu Tech Inc. Engages in Total Return Swap to Hedge Share Price Exposure
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Yidu Tech Inc. (HK:2158) has announced a Total Return Swap (TRS) transaction with a maximum equity notional amount of approximately HK$54.4 million, aimed at hedging share price exposure related to its Post-IPO Share Award Scheme. The TRS is set for three years, and the board considers the terms fair and reasonable. The transaction does not require reporting or approval under Listing Rules. The latest analyst rating for Yidu Tech is a Hold with a price target of HK$6.00.
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