China Feihe (06186.HK) announced that on December 2nd (yesterday), its wholly-owned subsidiary Heilongjiang Feihe subscribed to financial products issued by china construction bank corporation using idle funds amounting to 0.4 billion yuan (RMB). The expected annual yield is 2.85%. The maturity date is December 2nd of next year.
The total amount of principal for financial products and structured deposits subscribed from china construction bank corporation by the group that has not yet matured is 2.805 billion yuan.