Fortior Technology Deploys Unutilized Funds in Structured Deposit Products

MT Newswires Live

Aug 25

Fortior Technology (Shenzhen) (SHA:688279, HKG:1304) had subscribed to 160 million yuan worth of structured deposit products to deploy unutilized funds, including 45 million yuan recently, according to a Hong Kong bourse filing Monday.

The integrated circuit design company subscribed to the products from the Bank of Ningbo between July 9 and Aug. 22 with an estimated annualized return rate of at least 1%.

When accounting for previous purchases, the company had 410 million yuan in structured deposits outstanding with the Bank of Ningbo.

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