China Feihe Limited (HK:6186) has released an update.
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China Feihe Limited has announced a significant investment in wealth management products, subscribing to financial products from CITIC Bank totaling RMB1.1 billion. This strategic move aims to leverage idle funds for enhanced capital gain while maintaining low risk, aligning with the company’s objective to optimize capital safety and liquidity. The investment underscores the company’s proactive approach to maximizing returns compared to traditional saving options.
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