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China Feihe Limited ( (HK:6186) ) has shared an announcement.
China Feihe Limited has announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to a financial product offered by SPD Bank, investing RMB100 million using idle funds. This investment, named Shangxin No. 214, is expected to yield a 2.85% annual return by maturity in November 2025. The move aligns with the company’s strategy to enhance capital gains while ensuring capital safety and liquidity. The transaction is deemed low-risk and beneficial for the company’s shareholders, complementing its treasury management objectives without impacting its working capital or operations.
More about China Feihe Limited
China Feihe Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, is primarily engaged in the production and sale of dairy products, raw milk, and nutritional supplements.
YTD Price Performance: -3.12%
Average Trading Volume: 18,579,324
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$47.82B
For detailed information about 6186 stock, go to TipRanks’ Stock Analysis page.
