Q Technology's Subsidiary Subscribes for Wealth Management Products for 200 Million Yuan

MT Newswires Live

2025/01/16

Q Technology (Group) (HKG:1478) subsidiary Kunshan QTech Microelectronics subscribed to two wealth management products of China Zheshang Bank (HKG:2016, SHA:601916) for 200 million yuan using the group's idle funds, a Wednesday Hong Kong bourse filing said.

The subscription amount of each product is 100 million yuan and the term of investment period for both products is 364 days, maturing on Jan. 16, 2026.

The products have a guaranteed principal with floating return and an expected annual rate of return of 1.50%, 2.25%, or 2.60%.

The company stands to make a maximum wealth management income of 5.3 million yuan from the investment.

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