Freetech Road Recycling Technology Engages in Structured Deposit Subscriptions

Tip Ranks
2025.11.03 10:09
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Freetech Road Recycling Technology (Holdings) Ltd. has announced that its subsidiaries have subscribed to structured deposit products with various banks, including Jiangsu Bank and CITIC Bank. This transaction is classified as a discloseable and major transaction under Hong Kong Stock Exchange rules and has been approved by controlling shareholders, eliminating the need for an extraordinary general meeting. This strategy aims to optimize returns on cash reserves, potentially affecting financial performance and stakeholder interests.