China PengFei Group Limited (HK:3348) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China PengFei Group Limited’s subsidiary, Jiangsu Pengfei, has recently subscribed to two BOC Wealth Management Products for a total of RMB 100 million, which is part of the company’s strategy to allocate idle funds. The investments are principal-guaranteed with a return linked to the EUR/USD exchange rate, and are subject to the reporting and announcement requirements of the Hong Kong Listing Rules.
For further insights into HK:3348 stock, check out TipRanks’ Stock Analysis page.