Brief: China Huarong Asset Management Gets Approval For Non-Public Issuance Of Domestic & H Shares

China CITIC Financial Asset Management

17/11/2021 15:10

Nov 17 (Reuters) - China Huarong Asset Management Co Ltd
 2799.HK :
    * APPROVED RESOLUTIONS REGARDING PROPOSED NON-PUBLIC
ISSUANCE OF
DOMESTIC SHARES AND H SHARES
    * NUMBER OF SHARES IN ISSUANCE OF DOMESTIC SHARES IS NO MORE
THAN
(INCLUDING) 39.22 BILLION SHARES
    * NUMBER OF SHARES IN ISSUANCE OF H SHARES IS NO MORE THAN
(INCLUDING) 1.96 BILLION SHARES
    * ISSUANCE TARGETS OF ISSUANCE OF DOMESTIC SHARES CITIC
GROUP,
CHINA INSURANCE RONGXIN FUND, CHINA CINDA, ICBC INVESTMENT
    * ISSUANCE TARGET OF ISSUANCE OF H SHARES IS CHINA LIFE
    * WILL APPLY TO HONG KONG STOCK EXCHANGE FOR LISTING OF AND
PERMISSION TO DEAL IN NEW H SHARES
    * TOTAL PROCEEDS OF ISSUANCE ARE NO MORE THAN RMB42.0
BILLION
    * NET AMOUNT OF TOTAL PROCEEDS POST CUTTING RELEVANT
ISSUANCE
EXPENSES, TO BE USED TO REPLENISH CO'S CORE TIER-1 CAPITAL

Source text for Eikon:  ID:nHKS7HvZwZ 
Further company coverage:  2799.HK 

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