Hong Kong Stock Exchange · Real Estate
Invest in Redco Healthy Living stock from India
Indian and foreign residents can buy Redco Healthy Living (2370) shares directly through Paasa.
By Paasa · Updated
Redco Healthy Living at a glance
- Price
- HK$1.23+HK$0.07 (5.58%)
- Market cap
- HK$246.00M
- Day range
- HK$1.23 – HK$1.23
- P/E
- —
- Dividend yield
- None
- Volume
- 666.00K
- 1 month
- -4.65%
- 6 months
- +48.19%
- YTD
- +112.07%
- 1 year
- +267.16%
- 5 years
- —
How to invest in Redco Healthy Living from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to HKD when you buy.
Step 3
Search 2370 and buy
Find Redco Healthy Living by name or by its ticker, 2370, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in Redco Healthy Living from India
What Redco Healthy Living does
Redco Healthy Living Co. Ltd. is an investment holding company, which engages in the provision of diversified services through three business lines, namely, property management services, value added services to non-property owners, and community value added services. It operates through the following segments: Property Management, Healthcare Services, and Others. Redco Healthy Living operates in the Real Estate - Services industry within the Real Estate sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Redco Healthy Living stock from India?
Yes. Indian residents and NRIs can buy Redco Healthy Living (2370) shares directly through Paasa. Redco Healthy Living is listed on the Hong Kong Stock Exchange, in the Real Estate - Services industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Redco Healthy Living share?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$1.23 a share, size the order by the lot, not by the share.
How are Redco Healthy Living dividends taxed for Indian investors?
Redco Healthy Living trades on the Hong Kong Stock Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Hong Kong. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Redco Healthy Living shares?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.