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China Feihe Limited ( (HK:6186) ) has provided an announcement.
China Feihe Limited has disclosed that its wholly owned subsidiary Feihe HLJ has subscribed to a RMB300 million closed-ended wealth management product offered by CITIC Bank, using idle funds to earn an expected annual return of 2.40%–2.90% over a one-year term ending in December 2026. The company now has an aggregate outstanding principal of RMB2.5 billion in wealth management and structured deposit products from CITIC Bank and emphasizes that this treasury move is designed to enhance capital gains while maintaining low risk, capital safety and liquidity, without impacting working capital or daily operations, which the board considers fair, reasonable and in the interests of shareholders.
The most recent analyst rating on (HK:6186) stock is a Hold with a HK$4.30 price target. To see the full list of analyst forecasts on China Feihe Limited stock, see the HK:6186 Stock Forecast page.
More about China Feihe Limited
China Feihe Limited is a Cayman Islands–incorporated company listed on the Main Board of the Hong Kong Stock Exchange, primarily engaged in the production and sale of dairy products and raw milk, as well as nutritional supplements, targeting consumers in mainland China.
Average Trading Volume: 29,172,365
Technical Sentiment Signal: Sell
Current Market Cap: HK$36.5B
For an in-depth examination of 6186 stock, go to TipRanks’ Overview page.