China Feihe Unit Invests 500 Million Yuan in China Construction Bank's Financial Product

MT Newswires Live11-04 20:55

China Feihe (HKG:6186) unit Heilongjiang Feihe Dairy subscribed for 500 million yuan of a financial product offered by China Construction Bank (HKG:0939, SHA:601939) on Nov. 1, a same-day bourse filing said.

The move comes about in order for the diary company to better utilize its idle funds.

The product has an expected annual return rate of 2.85% and will fall due Nov. 5, 2025.

As of Nov. 1, the company has availed roughly 2.41 billion yuan of wealth management and structured deposit products from China Construction Bank.

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