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China Cinda Asset Management Co ( (HK:1359) ) has provided an update.
China Cinda Asset Management Co., Ltd. announced the completion of a gratuitous transfer of shares from its controlling shareholder, the Ministry of Finance of the People’s Republic of China, to Central Huijin Investment Ltd. This transfer, involving over 22 billion domestic shares, makes Central Huijin the new controlling shareholder, holding approximately 58% of the company’s total issued shares. Despite this change, China Cinda remains a state-owned holding financial institution, and stakeholders are advised to exercise caution when dealing with the company’s shares.
More about China Cinda Asset Management Co
China Cinda Asset Management Co., Ltd. operates in the financial sector as a state-owned holding financial institution in China. It primarily focuses on asset management and financial services, with a significant market presence due to its state backing.
Average Trading Volume: 244,311,970
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$53.81B
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