Brief: China Huarong Asset Management Says Co Entered Into State-Owned Equity Transaction Contract

China CITIC Financial Asset Management

27/01/2022 10:38

Jan 27 (Reuters) - China Huarong Asset Management:
    * ENTERED INTO STATE-OWNED EQUITY TRANSACTION CONTRACT WITH
AN
INDEPENDENT THIRD PARTY, CHINA REFORM CAPITAL
    * CONSIDERATION OF TRANSFER IS RMB10.93 BILLION
    * POST TRANSFER, COMPANY WILL CEASE TO HAVE ANY INTEREST IN
HUARONG SECURITIES
    * IN RELATION TO 71.99% EQUITY TRANSFER IN HUARONG
SECURITIES,SOLICITED CHINA REFORM CAPITAL AS POTENTIAL
TRANSFEREE


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