Tongda Group’s Strategic Investment in Wealth Management Products
Tongda Group Holdings has invested RMB49 million in wealth management products through its subsidiaries, using idle funds. These investments, made on November 6 and 20, 2025, are discloseable under Hong Kong's Listing Rules. The latest analyst rating for Tongda Group's stock (HK:0698) is a Buy with a target price of HK$0.13. The company's current market cap is HK$860.6 million.
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Tongda Group Holdings ( (HK:0698) ) has shared an update.
Tongda Group Holdings, through its subsidiaries Tongda Chuang Zhi (Xiamen) and Tongda Chuang Zhi (Shishi), has made significant investments in wealth management products using idle funds. On November 6 and November 20, 2025, the company subscribed to various Industrial Bank Wealth Management Products, totaling RMB49 million. These transactions are categorized as discloseable under Hong Kong’s Listing Rules, requiring notification and announcement due to the percentage ratios involved.
The most recent analyst rating on (HK:0698) stock is a Buy with a HK$0.13 price target. To see the full list of analyst forecasts on Tongda Group Holdings stock, see the HK:0698 Stock Forecast page.
More about Tongda Group Holdings
Average Trading Volume: 289,799
Current Market Cap: HK$860.6M
