China Feihe Limited (HK:6186) has released an update.
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China Feihe Limited, a Cayman Islands-incorporated dairy and nutritional supplements company, has announced a RMB300 million investment in a non-principal guaranteed financial product offered by Construction Bank. The investment aims to utilize idle funds to generate higher returns compared to traditional bank savings, aligning with the company’s objectives of maintaining capital safety and liquidity. The terms of the deal are confirmed to be commercially viable and in the best interest of the company and its shareholders.
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