China Feihe (HKG:6186) unit Feihe HLJ subscribed for 10 million yuan of a financial product offered by Shanghai Pudong Development Bank using its idle funds, a Wednesday bourse filing said.
The product has an expected annualized return rate of 2.85% per annum and will fall due Nov. 4.
As of Wednesday, the dairy products group has an outstanding principal amount worth 1.92 billion yuan of wealth management and structured deposit financial products subscribed from Shanghai Pudong Development Bank.
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