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An announcement from China Feihe Limited ( (HK:6186) ) is now available.
China Feihe Limited has announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to a financial product offered by SPD Bank, utilizing RMB150 million of its idle funds. This strategic move is aimed at enhancing the company’s capital gains with a low-risk investment, offering a higher return than typical savings or time deposits. The transaction is deemed fair and reasonable, aligning with the company’s objectives of capital safety and liquidity, without affecting its working capital or operations.
More about China Feihe Limited
China Feihe Limited, incorporated in the Cayman Islands, is primarily engaged in the production and sale of dairy products, raw milk, and nutritional supplements.
Average Trading Volume: 45,986,833
Technical Sentiment Signal: Buy
Current Market Cap: HK$53.62B
For detailed information about 6186 stock, go to TipRanks’ Stock Analysis page.