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CHINA CINDA: CN MOF Proposes to Gratuitously Transfer All of 22.137B Domestic Shrs to Huijin
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CHINA CINDA (01359.HK) announced that recently, the Company has been notified by its controlling shareholder, the Ministry of Finance of the People’s Republic of China (MOF), that the MOF proposed to gratuitously transfer all of the 22.137 billion domestic shares of the Company held by it (representing approximately 58% of the total issued shares of the Company) to Central Huijin Investment Ltd. (Huijin). Upon completion of the Gratuitous Transfer, the MOF will no longer hold the Company’s shares, and Huijin will directly hold 22.137 billion domestic shares of the Company (representing approximately 58% of the total issued shares of the Company), becoming the controlling shareholder of the Company. Upon completion of the Gratuitous Transfer, the Company remains as a state-owned holding financial institution. AAStocks Financial News |
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