China Feihe's Unit Invests 400 Million Yuan in China Construction Bank's Financial Product

MT Newswires Live

2024/12/03

China Feihe's (HKG:6186) unit Heilongjiang Feihe Dairy subscribed for 400 million yuan of a financial product by China Construction Bank (HKG:0939, SHA:601939), a Monday bourse filing said.

The move comes about in order for the company to put its idle funds to better use.

The product has an expected annual return rate of 2.85% and will fall due Dec. 2, 2025.

As of Monday, the dairy products group has nearly 2.81 billion yuan of outstanding wealth management and structured deposit financial products subscribed from the bank.

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