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China Cinda Asset Management Co ( (HK:1359) ) has shared an update.
China Cinda Asset Management Co., Ltd. announced a proposed gratuitous transfer of shares from its controlling shareholder, the Ministry of Finance of China, to Central Huijin Investment Ltd. This transfer involves 22,137,239,084 domestic shares, representing approximately 58% of the company’s total shares, making Huijin the new controlling shareholder. The transfer maintains Cinda’s status as a state-owned financial institution and exempts Huijin from a mandatory general offer for the company’s securities, as confirmed by the Securities and Futures Commission of Hong Kong.
More about China Cinda Asset Management Co
China Cinda Asset Management Co., Ltd. is a state-owned financial institution in the People’s Republic of China, primarily engaged in the management of distressed assets. The company is known for providing asset management and financial services, with a focus on restructuring and managing non-performing loans.
YTD Price Performance: -2.00%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.64B
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