CHINA CINDA (01359) Controlling Shareholder Completes Gratuitous Share Transfer

Stock News
Sep 05

CHINA CINDA (01359) announced that its controlling shareholder, the Ministry of Finance of the People's Republic of China, intended to transfer all of its 22.137 billion domestic shares in the company to Central Huijin Investment Ltd. without consideration. Recently, the company received notification that the gratuitous transfer was completed with ownership registration on September 4, 2025. Following the completion of this gratuitous transfer, the Ministry of Finance no longer holds any shares in the company, while Huijin directly holds 22.137 billion domestic shares in the company (representing approximately 58% of the company's total issued share capital), becoming the company's controlling shareholder. After the completion of this gratuitous transfer, the company remains a state-controlled financial institution.

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