Capital Industrial Financial Calls Shareholder Meeting to Seek Approval for Revised Annual Cap With Shougang

MT Newswires Live

09/04

Capital Industrial Financial Services Group (HKG:0730) scheduled a meeting of shareholders to secure approval for a revised annual cap with Shougang, according to a Hong Kong bourse filing Wednesday.

Shares of the collateral financing business were down over 2% in morning trade Thursday.

Shareholders were asked to convene on Sept. 26 to deliberate on the matter.

If approved, the company will revise its existing annual cap with Shougang from 6 million yuan to 15 million yuan for 2025.

The cap is being revised to meet demand, the company said.

Shougang, a state-owned entity, owns 61% of Capital Industrial Financial.

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