China Feihe Limited (HK:6186) has released an update.
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China Feihe Limited’s subsidiary, Feihe HLJ, has strategically invested RMB500 million into a CITIC Bank wealth management product, aiming for a 2.7% annual return. This move leverages idle funds to enhance capital gains while ensuring liquidity and low risk, aligning with the company’s financial objectives. The transaction, deemed fair and reasonable, underscores the firm’s commitment to optimizing shareholder value.
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