Shenzhen Pagoda Industrial (Group) (HKG:2411) subscribed to 200 million yuan of a wealth management product by China CITIC Bank (HKG:0998, SHA:601998), a Jan. 3 bourse filing said.
The product has an expected annualized rate of return of 1.05% or 2.18%, and will fall due in 90 days.
The investment will help the fruit retailer get maximum returns from unutilized funds.
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