Eastroc Beverage (SHA:605499, HKG:9980) said its subsidiaries subscribed to 550 million yuan of wealth management products offered by Hua Xia Bank, according to a Wednesday Hong Kong bourse filing.
The subscriptions comprise three fixed-income wealth management products with expected annualized returns ranging from 2.12% to 2.15%.
The investments were funded using the group's idle cash.
Including the latest subscriptions, Eastroc Beverage has 1.86 billion yuan in outstanding wealth management products with Hua Xia Bank.
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