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The latest update is out from China Feihe Limited ( (HK:6186) ).
China Feihe Limited announced that its wholly-owned subsidiary, Feihe HLJ, has subscribed to a financial product offered by Construction Bank, investing RMB200 million of its idle funds. This strategic move aims to enhance capital gains while maintaining low risk, aligning with the company’s objectives of capital safety and liquidity. The subscription is expected to yield a higher return than typical savings or time deposits, and the company has implemented internal controls to ensure it does not impact its working capital or operations.
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, raw milk, and nutritional supplements. The company’s shares are listed on the Main Board of the Stock Exchange.
YTD Price Performance: -0.18%
Average Trading Volume: 17,399,035
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$49.27B
See more insights into 6186 stock on TipRanks’ Stock Analysis page.
