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China Cinda Asset Management Co ( (HK:1359) ) just unveiled an update.
China Cinda Asset Management Co., Ltd. announced that its subsidiary, Cinda Securities, has entered into a legally binding cooperation agreement with China International Capital Corporation Limited and Dongxing Securities to explore proposed mergers through absorption and share exchanges. This potential merger, if realized, could constitute a significant transaction for China Cinda, impacting its market positioning and operations. However, there is no guarantee that these mergers will materialize, and stakeholders are advised to exercise caution.
More about China Cinda Asset Management Co
China Cinda Asset Management Co., Ltd. is a financial services company based in the People’s Republic of China, primarily engaged in asset management. The company focuses on managing distressed assets and providing financial solutions, operating within the broader financial services industry.
Average Trading Volume: 133,061,208
Technical Sentiment Signal: Buy
Current Market Cap: HK$48.85B
See more insights into 1359 stock on TipRanks’ Stock Analysis page.