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The latest update is out from Great Wall Pan Asia Holdings ( (HK:0583) ).
Great Wall Pan Asia Holdings Limited has announced a proposed gratuitous transfer of shares by its indirect controlling shareholder, China Great Wall Asset Management Co., Ltd., to Central Huijin Investment Ltd. This transfer, involving approximately 73.53% of the shares in the controlling shareholder, will make Huijin the new controlling shareholder of Great Wall Pan Asia. The board of directors has stated that this transfer will not materially impact the financial position or operations of the group. Additionally, the Securities and Futures Commission of Hong Kong has confirmed that the transfer will not trigger a mandatory general offer for the company’s securities.
More about Great Wall Pan Asia Holdings
Great Wall Pan Asia Holdings Limited is a company incorporated in Bermuda with limited liability, operating within the financial sector. The company, along with its subsidiaries, is part of a larger group controlled by China Great Wall Asset Management Co., Ltd., a state-owned enterprise.
Average Trading Volume: 4,000
Current Market Cap: $46.33M
See more data about 0583 stock on TipRanks’ Stock Analysis page.
