China Huarong Asset Management Co., Ltd. Class H (HK:2799) has released an update.
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China CITIC Financial Asset Management Co., Ltd. has completed a major transaction involving the transfer of 60% of its shares in Financial Leasing Company to CITIC Group. As a result, Financial Leasing Company is now an associate of China CITIC and will no longer be consolidated in its financial statements, marking a significant shift in the company’s investment structure.
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