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8 months ago
BRIEF-China Cinda Asset Management announces subscription agreement
December 21, 2016 / 12:36 AM / 8 months ago

BRIEF-China Cinda Asset Management announces subscription agreement

Dec 21 (Reuters) - China Cinda Asset Management Co Ltd :

* On 20 December 2016, Company, Investor and CICC entered into subscription agreement

* Company has agreed to allot and issue and investor has agreed to subscribe for 1.9 billion new H shares

* Aggregate consideration for subscription shares is RMB5.49 billion

* Net proceeds of issue will be used to replenish company's core tier 1 capital and support its business development Source text for Eikon: Further company coverage:

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