China BlueChemical (HKG:3983) unit CNOOC Kingboard Chemical invested 150 million yuan in a structured deposit product offered by the Hainan branch of Bank of China, a June 7 filing on the Hong Kong bourse stated.
The product has an expected annualized return rate of between 1.3% and 2.77% and will fall due in 343 days.
According to the fertilizer maker, the investment was made to utilize the company's idle funds better.
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