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China Feihe Limited ( (HK:6186) ) just unveiled an update.
China Feihe Limited has announced the subscription of a financial product, Shangxin No. 222, from SPD Bank using RMB100 million of its idle funds. The subscription, aligned with the company’s capital safety and liquidity objectives, offers a higher return compared to regular bank deposits and is deemed to carry low risk. The company assures stakeholders that the investment will not impact its working capital or operations, maintaining the interests of shareholders.
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 and raw milk, as well as nutritional supplements. The company’s shares are listed on the Main Board of the Stock Exchange.
YTD Price Performance: -0.92%
Average Trading Volume: 14,997,089
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$49.18B
Learn more about 6186 stock on TipRanks’ Stock Analysis page.
