Aobang Construction (01615) announced that on September 29, 2023, New Fangsheng (an indirect wholly-owned subsidiary of the company) has purchased deposit products with a principal amount of 4 million US dollars from the seller at a cost of 4,0773 million US dollars.
According to reports, the seller is a commercial bank located in Macau. According to public information available on the date of this announcement, the seller is a wholly-owned subsidiary of Xiamen International Bank Co., Ltd. The deposit product is a fixed rate deposit certificate of deposit with a principal amount of 4 million US dollars issued by the Sydney branch of the Agricultural Bank of Agriculture.