China Feihe Channels RMB300 Million of Idle Cash Into New SPD Bank Wealth Product
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China Feihe Limited has invested RMB300 million of idle funds into SPD Bank's new wealth management product, aiming for higher yields with a 2.6% expected annual return. This investment increases their total in SPD Bank products to RMB2.9 billion. The company ensures that these investments will not affect its working capital or business activities. The latest analyst rating for China Feihe stock is a Hold with a HK$4.30 price target.
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