CHINA FEIHE subscribes to financial products totaling 900 million RMB
China Feihe (06186.HK) announced that on December 25th, its wholly-owned subsidiary Heilongjiang Feihe subscribed to a financial product issued by SPD Bank for an amount of RMB 300 million using idle funds. To date, the total principal amount of wealth management and structured deposit financial products subscribed by the Group from SPD Bank that have not yet matured is RMB 2.9 billion.
On December 26th, Heilongjiang Feihe subscribed to a financial product issued by CITIC BANK for an amount of RMB 600 million using idle funds. To date, the total principal amount of wealth management and structured deposit financial products subscribed by the Group from CITIC BANK that have not yet matured is RMB 2 billion
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