Beauty Farm Medical Unit Invests 100 Million Yuan in China Merchants Bankâs Wealth Management Products

MT Newswires Live06-17

Beauty Farm Medical and Health Industry (HKG:2373) unit Shanghai Beauty Farm Development subscribed for 100 million yuan of certain wealth management products from China Merchants Bank (HKG:3968, SHA:600036) on June 14, a same-day filing on the Hong Kong bourse stated.

The move comes about for the beauty services provider to better utilize its idle funds.

The company invested another 70 million yuan in China Merchants Bankâs wealth management products through two units in May.

Shares of the company closed 3% higher on Monday.

Price (HKD): $16.00, Change: $+0.52, Percent Change: +3.36%

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Beauty Farm Medical Unit Invests 100 Million Yuan in China Merchants Bankâs Wealth Management Products

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Beauty Farm Medical Unit Invests 100 Million Yuan in China Merchants Bankâs Wealth Management Products