Li Ning (HKG:2331) said its subsidiaries subscribed to 1.9 billion yuan in wealth management products across three banks, according to a Hong Kong bourse filing Monday.
The firm's subsidiaries subscribed to structured deposit products from Bank of China, China Guangfa Bank, and China Merchants Bank that offer varying interest rates ranging from 0.60% at the low end and up to 3% at the top end.
The products have a term of between 145 days and 161 days.
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