A unit of Beauty Farm Medical and Health Industry (HKG:2373) subscribed for 100 million yuan of certain wealth management products from Industrial and Commercial Bank of China or ICBC (HKG:1398, SHA:601398), a Monday bourse filing said.
The move came about in order for subsidiary Beijing Palaispa Commercial Management to make more efficient use of its idle funds.
The product will fall due in 197 days, according to the beauty services provider.
Price (HKD): $16.22, Change: $+0.040, Percent Change: +0.25%
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