China Feihe Limited Invests in CITIC Bank Financial Product to Boost Capital Gains
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China Feihe Limited's subsidiary, Feihe HLJ Sales, has invested RMB700 million in a CITIC Bank financial product to boost capital gains. This strategic investment aims to enhance returns with minimal risk, without affecting the company's working capital or operations. The investment aligns with the company's objectives of maintaining capital safety and liquidity. The latest analyst rating for China Feihe Limited's stock is a Hold with a HK$4.30 price target.
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