Brief: Glory Sun Financial Group Says Hong Kong Bao Da Financial To Contribute RMB1.24 Bln To Unit

Glory Sun Land

25/06/2019 02:03

June 25 (Reuters) - Glory Sun Financial Group Ltd  1282.HK :
    * HONG KONG BAO DA FINANCIAL HOLDINGS AGREED TO CONTRIBUTE A
TOTAL
OF RMB1.24 BILLION INTO BAOXIN INDUSTRIAL
    * UPON COMPLETION, REGISTERED CAPITAL OF BAOXIN INDUSTRIAL
WILL
INCREASE TO RMB1.76 BILLION
    * BAOXIN HOLDINGS' STAKE IN BAOXIN INDUSTRIAL WILL DECREASE
FROM
100% TO 85%

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4FKbc5
Further company coverage:  1282.HK 

 (Reuters.Briefs@thomsonreuters.com)