[ET Net News Agency, 5 August 2020] China Cinda Asset Management Co., Ltd. (01359) said
the company is considering a possible spin-off and separate listing of Cinda Securities
Co., Ltd. (Cinda Securities) and its subsidiaries on a stock exchange in the People's
Republic of China.
Cinda Securities is a non-wholly owned subsidiary of the company, currently mainly
engaged in the businesses of securities brokerage, securities underwriting and
sponsorship, and proprietary securities trading.
The sponsor of the proposed spin-off and listing of Cinda Securities submitted the
application for the commencement of the pre-listing tutoring process to the China
Securities Regulatory Commission (CSRC) Beijing Bureau today, and has yet to receive the
acknowledgement of receipt of such application from the CSRC Beijing Bureau. (RC)