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02799 CITIC FAMC
RTNominal unchange0.300 0.000 (0.000%)
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09/04/2020 11:31

China Huarong (02799) unit proposes to transfer shares

[ET Net News Agency, 9 April 2020] China Huarong Asset Management Co., Ltd. (02799)
said in order to integrate its subsidiaries, Huarong Zhiyuan Investment & Management Co.,
Ltd. (Huarong Zhiyuan), a wholly-owned subsidiary of the company, proposed to transfer 91%
of shares it held in Huarong Overseas Chinese Asset Management Co., Ltd.(Huarong Overseas
Chinese).
The transfer of shares will be implemented subject to approval, and the specific price
of transfer will be determined by the negotiation between the transaction parties with
reference to the evaluation results. (RC)

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