Summary by Futu AI
CONXINO BIO SIGNED STRUCTURED DEPOSIT AGREEMENT V WITH BOHAI BANK ON APRIL 11, 2024, AGREEING TO PURCHASE RMB 60 MILLION IN STRUCTURED DEPOSITS. All applicable percentages of the transaction below 25% but greater than 5% constitute a disclosable transaction in accordance with Chapter 14 of the Listing Rules. Structured deposits are expected to have a maximum annualized yield of 2.75% from 15 April to 15 May 2024 and will be linked to the EUR/USD exchange rate. 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.