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China Feihe Limited ( (HK:6186) ) has provided an announcement.
China Feihe Limited announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to financial products offered by SPD Bank, amounting to RMB500 million. This move is part of the company’s strategy to utilize idle funds effectively, aiming to enhance capital gains while ensuring capital safety and liquidity. The subscription is expected to yield higher returns compared to traditional savings or time deposits, with minimal risk involved. The company assures that the investment will not impact its working capital or operations, maintaining the interests of the company and its 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 company incorporated in the Cayman Islands, primarily engaged in the production and sale of dairy products, raw milk, and nutritional supplements.
Average Trading Volume: 32,141,237
Technical Sentiment Signal: Sell
Current Market Cap: HK$38.13B
Learn more about 6186 stock on TipRanks’ Stock Analysis page.