China Feihe (HKG:6186) unit Heilongjiang Feihe Dairy subscribed for a total of 200 million yuan of financial products by Shanghai Pudong Development Bank to better utilize its idle funds, a Monday filing with the Hong Kong bourse said.
The three different products each have an expected annual return rate of 2.85% and will fall due Dec. 23 this year.
As of Monday, the outstanding principal amount of the firm's wealth management and structured deposit financial products subscribed from Shanghai Pudong Development Bank stood at 2 billion yuan.
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