Fudan Zhangjiang Invests RMB210 Million in Low-Risk SPD Bank Structured Deposit
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Shanghai Fudan Zhangjiang Bio Pharmaceutical Co. has invested RMB210 million in a low-risk structured deposit with SPD Bank. The deposit offers a floating annualized return of 0.70% to 2.05% over 87 days, linked to the EUR/USD exchange rate. This transaction exceeds 5% but is below 25% of applicable percentage ratios, requiring disclosure but not shareholder approval. The investment aims to optimize short-term liquidity while maintaining principal security, reflecting the company's strategy to manage idle funds through conservative financial products.
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