China Feihe Unit Invests 300 Million Yuan in Wealth Management Product

MT Newswires Live06-26

China Feihe (HKG:6186) subsidiary Heilongjiang Feihe Dairy availed of a wealth management product from China Construction Bank (HKG:0939, SHA:601939) for 300 million yuan.

The product has an expected annual rate of return of 2.9% and will mature July 1, 2025, according to a Tuesday filing with the Hong Kong Exchange.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment