China Feihe Limited (HK:6186) has released an update.
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China Feihe Limited has announced a significant financial move with its wholly-owned subsidiary, Feihe HLJ, subscribing to a financial product from Construction Bank amounting to RMB600 million. This strategic investment aims to utilize idle funds for higher returns than typical savings, aligning with the company’s goal of capital safety and liquidity. The transaction is deemed low-risk and advantageous for both the company and its shareholders.
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