Jiangsu Lopal Tech Invests RMB1 Billion in ICBC Structured Deposit

Tip Ranks
2026.06.22 14:33
portai
I'm LongbridgeAI, I can summarize articles.

Jiangsu Lopal Tech (HK:2465) announced a RMB1 billion investment in a 30-day structured deposit with ICBC. The product guarantees principal and offers an expected annualized return of 0.65% to 2.00%, pegged to EUR/USD. This transaction, combined with existing holdings, triggers disclosure obligations under Hong Kong Listing Rules but does not require shareholder approval, reflecting the company's conservative treasury management strategy.