China Cinda’s Share Transfer to Central Huijin Approved

An update from China Cinda Asset Management Co ( (HK:1359) ) is now available.

China Cinda Asset Management Co., Ltd. announced the approval of a gratuitous transfer of all its 22,137,239,084 domestic shares held by its controlling shareholder, the Ministry of Finance of the People’s Republic of China, to Central Huijin Investment Ltd. This transfer, approved by the National Financial Regulatory Administration, could significantly impact the company’s operations and its positioning within the financial industry, as it involves a major shift in shareholding structure.

More about China Cinda Asset Management Co

China Cinda Asset Management Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the asset management industry. It primarily focuses on managing non-performing assets and providing financial services, with a market focus on domestic shares in China.

Average Trading Volume: 149,658,384

Technical Sentiment Signal: Sell

Current Market Cap: HK$39.31B

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