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BRIEF-China Huarong Asset Management Updates On Huarong Xiangjiang Bank Equity Transfer

reuters.com · 06/09/2022 08:42
BRIEF-China Huarong Asset Management Updates On Huarong Xiangjiang Bank Equity Transfer

- China Huarong Asset Management Co Ltd CHUAF:

  • UPDATES ON HUARONG XIANGJIANG BANK EQUITY TRANSFER

  • ENTERED UNLISTED STATE-OWNED EQUITY TRANSACTION CONTRACT OF FINANCIAL ENTERPRISE WITH HUNAN CHASING & CENTRAL HUIJIN

  • AGGREGATE CONSIDERATION OF TRANSFER IS RMB11.98 BILLION

  • POST TRANSFER, CO WILL CEASE TO HAVE ANY INTEREST IN HUARONG XIANGJIANG BANK

  • INTENDS TO TRANSFER ITS 40.53% EQUITY HELD IN HUARONG XIANGJIANG BANK TO CONSORTIUM

Further company coverage: CHUAF


((Reuters.Briefs@thomsonreuters.com;))