Tongda Group (HKG:0698) unit Tongda Smart Tech (Xiamen) subscribed for wealth management products worth a total of 45 million yuan from Xiamen International Bank using idle funds, a Monday bourse filing said.
Of this, 25 million yuan of the products were subscribed for on Dec. 25, 2024, while the subsidiary invested in another 20 million yuan of products on Monday, Jan. 13.
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