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Sundy Service Group Engages in Structured Deposit to Optimize Idle Funds
Songdu Services (09608.HK) subscribed to a structured deposit product worth 50 million yuan.
On February 27, Gelonghui reported that Songdu Services (09608.HK) announced that to fully utilize the group's idle funds for better returns, on February 27, 2025, the company's subsidiary Hangzhou Xingrun entered into a structured deposit product agreement with MINSHENG BANK. According to this agreement, Hangzhou Xingrun agreed to subscribe to a structured deposit product of 50 million yuan with MINSHENG BANK using the group's internal funds.
Express News | Sundy Service Co Ltd - Unit to Subscribe for Structured Deposit Product of RMB50 Mln From China Minsheng Bank
According to CRIC: In January, the top 50 Property Service companies added contract area of approximately 78.08 million square meters, and the leading companies continue to expand their scale.
In terms of urban service projects, CHINA RES MIXC became the champion of contract amounts for urban service projects in January with a contract value of 83.95 million yuan.
More Unpleasant Surprises Could Be In Store For Sundy Service Group Co. Ltd's (HKG:9608) Shares After Tumbling 26%
The Central Finger Research: In December, the SSE Conglomerates Index for property service prices in twenty cities slightly declined, with Wuhan experiencing the largest decrease.
In December 2024, the Property Service price SSE Conglomerates Index for twenty cities was 1075.37, a year-on-year decrease of 0.01% and a month-on-month decrease of 0.03%, with both year-on-year and month-on-month figures shifting from an increase to a decrease.