【Brokerage Focus】Guosen has given CHINA CINDA (01359) an initial "Neutral" rating, stating that the company's performance is expected to stabilize against the backdrop of economic recovery.

Jinwu Financial News | Guosen released a Research Report indicating that CHINA CINDA (01359) operates in the areas of distressed asset management and financial services, covering distressed asset management, Banks, securities, financial leasing, REITs, and more. Data disclosed by the company shows that the revenue share of the distressed asset management division accounted for 53% in the first half of 2024, while the financial services division accounted for 48%. The bank noted that in recent years, CHINA CINDA's total Assets have remained stable at around 1.5 trillion yuan, while revenue has decreased significantly, leading to a notable decline in Net income for ordinary Shareholders. By the end of the second quarter of 2024, total Assets reached 1.58 trillion yuan.

Gold Wing Financial NewsFeb 20 02:36 ET

Cinda Asset's Controlling Shareholder to Change

MT NewswiresFeb 17 05:06 ET

Hong Kong Stock Concept Tracking | Three major AMCs assigned to Central Huijin! Institutions suggest focusing on the main line of Brokerage mergers and acquisitions (with related concept stocks attached).

On February 14, the three major AMCs, CHINA CINDA, Orient Asset, and Great Wall Asset, announced that the controlling shareholder, the Ministry of Finance, intends to transfer its held shares to Central Huijin through a non-compensatory transfer.

Zhitong FinanceFeb 16 18:04 ET

Express News | China Cinda Asset Management Says China's Finance Ministry Plans to Transfer 22.137 Billion Domestic Shares to Central Huijin

ReutersFeb 14 05:19 ET

CHINA CINDA (01359.HK): The Ministry of Finance plans to transfer all of its holding of the company's domestic shares to Huitong Company without compensation.

On February 14, Gelonghui reported that CHINA CINDA (01359.HK) announced it recently received a notification from its controlling shareholder, the Ministry of Finance. The Ministry intends to transfer all of its 22,137,239,084 shares of the company's domestic capital stock (accounting for about 58% of the company's total issued shares) to Central Huijin Investment Limited (Huijin Company) without compensation. After this transfer is completed, the Ministry of Finance will no longer hold any shares in the company, while Huijin Company will directly hold 22,137,239,084 shares of domestic capital stock (accounting for about 58% of the company's total issued shares), becoming the controlling shareholder of the company.

Gelonghui FinanceFeb 14 04:53 ET

Hong Kong Bourse Further Adjourns Huscoke's Winding-Up Hearing

MT NewswiresFeb 12 05:16 ET