I'm LongbridgeAI, I can summarize articles.Jiangsu Lopal Tech's subsidiary Shandong Liyuan subscribed to a RMB300 million structured deposit with Bank of China, raising total holdings to RMB740 million. This transaction triggers disclosure obligations under Hong Kong Listing Rules as it exceeds the 5% threshold but remains below 25%, exempting it from shareholder approval. The move reflects the company's strategy to optimize returns on surplus funds through low-risk bank wealth management products.
Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) just unveiled an update.
Jiangsu Lopal Tech. Group’s indirect non-wholly owned subsidiary Shandong Liyuan has subscribed to a RMB300 million structured deposit wealth management product issued and managed by Bank of China. The capital-protected, low-risk product runs for 92 days from September 23 to December 24, 2026, offers a floating annualized return in the range of 0.6000% to 2.0299%, and is linked to the USD/CHF spot exchange rate with no early redemption rights for the subscriber.
When aggregated with RMB440 million of previous Bank of China subscriptions that remain outstanding, the new investment lifts the total exposure to RMB740 million and triggers disclosure obligations under Hong Kong Listing Rules. The combined subscriptions exceed the 5% threshold but remain under 25%, making the transaction a discloseable event requiring notification and announcement, yet exempt from shareholder approval, signalling active but regulated use of bank wealth management products in the company’s financial operations.
More about Jiangsu Lopal Tech Co. Ltd. Class H
Jiangsu Lopal Tech. Group Co., Ltd., listed in Hong Kong as Class H shares, operates through subsidiaries including Shandong Liyuan in mainland China. The group is engaged in industrial operations and uses structured deposit and wealth management products, typically offered by major Chinese banks, as part of its treasury and cash management strategy to optimize returns on surplus funds while preserving capital.
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