Sichuan Kelun-Biotech Biopharmaceutical (HKG:6990) availed of two structured deposits from Industrial Bank (SHA:601166) worth a total of 300 million yuan on Tuesday, according to a same-day filing with the Hong Kong exchange.
The 170 million yuan deposit has a 97-day term set to mature March 25, 2025. It has an expected annualized floating rate of return of 1.3% or 2.5% per annum, the filing said.
The 130 million yuan deposit has a 189-day term maturing June 25, 2025 and an expected annualized floating rate of return of 1.5% or 2.5% per annum, the filing said.
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