Summary by Moomoo AI
On 8 May 2024, Conshino Bio signed Structured Deposit Agreement VI with Bohai Bank, agreeing to purchase RMB200 million of structured deposits in the amount of this amount. The structured deposit has a maturity of 10 May to 11 June 2024, with an annualized yield of up to 2.7%. THIS PURCHASE OF STRUCTURED DEPOSITS WAS REDEEMED USING THE COMPANY'S OWN FUNDS AND MATURITIES OF PREVIOUS STRUCTURED DEPOSITS AND DID NOT USE THE INITIAL PUBLIC OFFERING OF H SHARES TO RAISE FUNDS. Pursuant to Section 14.22 of the Listing Rules, this transaction constitutes a disclosable transaction when calculated in conjunction with the Company's previous structured deposit agreement. Consino Bio stated that the move is aimed at enhancing the company's overall return on capital and believes that the terms of the transaction are fair and reasonable and in the best interests of the company and its shareholders.