China Feihe (HKG:6186) subsidiary Heilongjiang Feihe Dairy availed of a 600 million yuan wealth management product from China Construction Bank (HKG:0939, SHA:601939), according to a Thursday filing with the Hong Kong Exchange.
The product has an expected return rate of 2.8% annually and is seen to mature Dec. 23, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.