China Feihe Limited (HK:6186) has released an update.
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China Feihe Limited, a Cayman Islands-based dairy and nutritional supplement producer, has invested RMB 300 million from its idle funds into a non-principal guaranteed wealth management product offered by Construction Bank, expecting an annual return of 2.90%. The investment is part of the company’s treasury management strategy to enhance capital gains while maintaining liquidity and supporting daily operations and dividend payments. The company’s directors have assured that the deal is fair, commercially reasonable, and in the shareholders’ best interests, with strong internal controls to protect the company’s working capital and operations.
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