China Feihe's (HKG:6186) unit Heilongjiang Feihe Dairy subscribed for 500 million yuan of a wealth management financial product by China CITIC Bank (HKG:0998, SHA:601998) using its idle funds, a Monday Hong Kong bourse filing said.
The product has an expected annual return rate of 2.7% and will fall due on Dec. 12, 2025.
As of Monday, the dairy products company has 3.4 billion yuan of outstanding wealth management and structured deposit financial products subscribed from CITIC Bank.
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