China Feihe Diversifies with CITIC Bank Investment

China Feihe Limited (HK:6186) has released an update.

China Feihe Limited has invested RMB 500 million in a CITIC Bank wealth management product, aiming to effectively utilize idle funds and enhance capital gains. The subscription is expected to offer a higher return compared to traditional savings, aligning with the company’s goals of capital safety and liquidity. The Directors have affirmed that the investment is in the company’s and shareholders’ best interests, based on adequate internal controls.

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