Brief: China Huarong Asset Management Enters Investment Deal With CITIC Group, Among Others

China Cinda Asset Management

18/08/2021 14:35

Aug 18 (Reuters) - China Huarong Asset Management:- 
    * SIGNED INVESTMENT FRAMEWORK AGREEMENTS
    * SIGNED AGREEMENTS WITH CITIC GROUP, CHINA INSURANCE
INVESTMENT
CO
    * PARTIES INCLUDE CHINA LIFE ASSET MANAGEMENT, CHINA CINDA
ASSET
MANAGEMENT & SINO-OCEAN CAPITAL
    * PARTIES INTEND TO MAKE STRATEGIC INVESTMENTS IN CO BY
SUBSCRIBING NEWLY ISSUED SHARES OF CO
    * FRAMEWORK AGREEMENTS ARE NOT BINDING FORMAL SHARE
SUBSCRIPTION
DOCUMENTS
    * IF POTENTIAL STRATEGIC INVESTMENT IS IMPLEMENTED, IT WILL
EFFECTIVELY REPLENISH COMPANY'S CAPITAL
    * TRADING IN SHARES OF CO ON HKEX WILL REMAIN SUSPENDED
UNTIL
FURTHER NOTICE


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 (Reuters.Briefs@thomsonreuters.com)