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Cinda International Completes Asset Disposal
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Cinda International Completes Asset Disposal

Cinda International Holdings Limited (HK:0111) has released an update.

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Cinda International Holdings Limited has reported the disposal of Asset-Backed Securities by its direct subsidiary, Cinda International (Shanghai), totaling approximately RMB 20 million, for a slight gain on the open market. The transaction also involved a connected transaction where a standard transaction commission was paid to Cinda Securities, which is connected to the company, but this did not require shareholder approval due to its minimal impact on the financial ratios.

For further insights into HK:0111 stock, check out TipRanks’ Stock Analysis page.

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