LOPAL TECH (02465.HK): RMB 108M idle-fund wealth product redeemed
- The product is a three-tier bullish RMB corporate structured deposit distributed by Shanghai Pudong Development Bank Co., Ltd., with an interest commencement date of 6 August 2026.
- The RMB 400 million cap was approved by the Board at its second meeting of the fifth session on 17 March 2026 and is valid for 12 months, revolving within that period.
NewTimeSpace News: On 12 October 2026, Jiangsu Lopal Tech. Group Co., Ltd. (stock code: 02465.HK) published an overseas regulatory announcement on the redemption of a cash management product funded by idle proceeds. On 6 August 2026 the Company used RMB 108,000,000 of idle proceeds to buy a corporate structured deposit from Shanghai Pudong Development Bank Co., Ltd. The product matured on 8 October 2026; the principal of RMB 108,000,000 was recovered and actual investment income was RMB 306,900, an annualised return of 1.65%.
On 17 March 2026 the Board approved a cap of RMB 400 million of idle proceeds for cash management, valid for 12 months and revolving within that period, with the balance at any time not exceeding the cap. The Company said the cash management does not affect the construction or use of fund-raising projects and does not constitute a disguised change in the use of raised funds.
- LOPAL TECH (02465.HK): Subscribes to RMB1 Billion ICBC Wealth Management Product with 22-Day Tenor
- Lopal Tech (02465.HK) Completes H-Share Placing, Raising Net Proceeds of ~HK$194M
- LOPAL TECH (02465.HK) plans to issue up to 15 million shares by placement, with estimated net proceeds of HKD 193.67 million
- LOPAL TECH(02465.HK) closed 8.54% higher, the full-day turnover stood at HKD 1.3 billion, with significant volume growth
- LOPAL TECH(02465.HK) closed 7.65% lower, the latest market capitalization at HKD 1.8 billion
