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China Feihe Limited ( (HK:6186) ) has shared an announcement.
China Feihe Limited announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to financial products offered by SPD Bank, utilizing RMB300 million of its idle funds. This strategic move aims to enhance the company’s capital gains while maintaining capital safety and liquidity. The subscription, which offers a higher return than typical savings or time deposits, aligns with the company’s objectives and is considered low-risk. The company has ensured that this investment will not impact its working capital or operations, thereby protecting shareholder interests.
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 company incorporated in the Cayman Islands, primarily engaged in the production and sale of dairy products, raw milk, and nutritional supplements. Its shares are listed on the Main Board of the Stock Exchange.
Average Trading Volume: 33,471,100
Technical Sentiment Signal: Sell
Current Market Cap: HK$37.41B
See more data about 6186 stock on TipRanks’ Stock Analysis page.