Luda Technology today announced an investment into a fund
Luda Technology (NYSE: LUD), a manufacturer of stainless steel and carbon steel flanges and fittings products, has announced an $8 million investment in participating shares of the Stable Income Fund SP, a segregated portfolio of Global A Plus Investment SPC
The investment represents a strategic move by Luda Technology to manage its idle funds through a short-term investment vehicle. The Fund, established in March 2020, offers early redemption provisions and liquidity features that align with the company's short-term investment strategy.
Luda Technology (NYSE: LUD), un produttore di flange e raccordi in acciaio inossidabile e acciaio al carbonio, ha annunciato un investimento di 8 milioni di dollari in azioni partecipative del Stable Income Fund SP, un portafoglio segregato di Global A Plus Investment SPC.
L'investimento rappresenta una mossa strategica da parte di Luda Technology per gestire i propri fondi inattivi attraverso un veicolo di investimento a breve termine. Il Fondo, istituito a marzo 2020, offre disposizioni di riscatto anticipato e caratteristiche di liquidità che si allineano con la strategia di investimento a breve termine della società.
Luda Technology (NYSE: LUD), un fabricante de bridas y accesorios de acero inoxidable y acero al carbono, ha anunciado una inversión de 8 millones de dólares en acciones participativas del Stable Income Fund SP, un portafolio segregado de Global A Plus Investment SPC.
La inversión representa un movimiento estratégico por parte de Luda Technology para gestionar sus fondos ociosos a través de un vehículo de inversión a corto plazo. El Fondo, establecido en marzo de 2020, ofrece disposiciones de rescate anticipado y características de liquidez que se alinean con la estrategia de inversión a corto plazo de la empresa.
루다 테크놀로지 (NYSE: LUD), 스테인리스 스틸 및 탄소강 플랜지와 피팅 제품의 제조업체,가 800만 달러 투자를 발표했습니다. 이는 Stable Income Fund SP의 참여 주식으로, Global A Plus Investment SPC의 분리된 포트폴리오입니다.
이번 투자는 루다 테크놀로지가 유휴 자금을 단기 투자 수단을 통해 관리하기 위한 전략적 움직임을 나타냅니다. 2020년 3월에 설립된 이 펀드는 조기 상환 조항과 유동성 기능을 제공하여 회사의 단기 투자 전략과 일치합니다.
Luda Technology (NYSE: LUD), un fabricant de brides et de raccords en acier inoxydable et en acier au carbone, a annoncé un investissement de 8 millions de dollars dans des actions participatives du Stable Income Fund SP, un portefeuille segregé de Global A Plus Investment SPC.
Cette investissement représente un mouvement stratégique de Luda Technology pour gérer ses fonds inutilisés à travers un véhicule d'investissement à court terme. Le Fonds, établi en mars 2020, offre des dispositions de rachat anticipé et des caractéristiques de liquidité qui s'alignent avec la stratégie d'investissement à court terme de l'entreprise.
Luda Technology (NYSE: LUD), ein Hersteller von Flanschen und Fittings aus rostfreiem Stahl und Kohlenstoffstahl, hat eine Investition von 8 Millionen Dollar in Beteiligungsaktien des Stable Income Fund SP angekündigt, einem segregierten Portfolio von Global A Plus Investment SPC.
Die Investition stellt einen strategischen Schritt von Luda Technology dar, um seine ungenutzten Mittel durch ein kurzfristiges Investitionsvehikel zu verwalten. Der Fonds, der im März 2020 gegründet wurde, bietet vorzeitige Rücknahmemöglichkeiten und Liquiditätsmerkmale, die mit der kurzfristigen Investitionsstrategie des Unternehmens übereinstimmen.
- Strategic deployment of $8M idle cash for potential returns
- Investment in liquid fund with early redemption options
- Significant cash allocation ($8M) to a single investment fund
Hong Kong, March 18, 2025 (GLOBE NEWSWIRE) -- Today, Luda Technology Group Limited (NYSE: LUD) (“Luda Technology” or the “Company” or “we” or “our”), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, would like to report to you an investment in a fund.
Luda Technology purchased USD8,000,000 of participating shares in Stable Income Fund SP (the “Portfolio”), a segregated portfolio of Global A Plus Investment SPC Ltd. (the “Fund”).
Luda Technology intends to invest idle funds into the Fund as a short-term investment. The Company considers that the Fund, which has a long history dating back to its incorporation in March 2020, with provisions for early redemption, is liquid and can be leveraged to manage idle funds in the short term, with return to the Company.
About Luda Technology Group Limited
We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products; and (ii) trading of steel pipes, valves, and other steel tubing products. We are headquartered in Hong Kong with manufacturing base in Taian City, Shandong Province of the PRC. Our sales network comprises customers from China, South America, Australia, Europe, Asia (excluding China) and North America and our customers comprise manufacturers and traders from the chemical, petrochemical, maritime and manufacturing industries.
For more information, please visit www.ludahk.com.
Safe Harbor Statement
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.
For enquiry, please contact:
Luda Technology Group Limited
Unit H, 13/F, Kaiser Estate Phase 2
47-53 Man Yue Street
Hung Hom, Kowloon
Hong Kong
Email: ir@ludahk.com
Phone: +852 2994 8774
FAQ
How much did Luda Technology (LUD) invest in the Stable Income Fund SP?
What is the purpose of LUD's investment in the Stable Income Fund SP?
When was the Stable Income Fund SP established?
What features make the Stable Income Fund SP attractive for LUD's investment?
