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    1359   CNE100001QS1

CHINA CINDA ASSET MANAGEMENT CO., LTD.

(1359)
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Delayed Hong Kong Stock Exchange  -  05/20 04:08:13 am EDT
1.290 HKD   +0.78%
04/11Gansu Jingyuan Coal Halts Trading on M&A Plan
MT
04/07China Cinda Asset Management Co., Ltd. Appoints Mr. ZHAO Limin as an Executive Director
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03/29China Cinda Asset Management Co., Ltd. Proposes Ordinary Final Cash Dividend for the Year Ended December 31, 2021, Payable on or Around August 19, 2022
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China Cinda to Invest CNY6.0 Billion in Ant Unit

12/24/2021 | 06:20am EDT

By Yifan Wang

China Cinda Asset Management Co. said it has agreed to invest 6.0 billion yuan ($941.9 million) in a unit of Ant Group, one of the first major fundraisings by the embattled fintech giant after Beijing halted its planned initial public offering in 2020.

China Cinda will hold a 24% stake after the transaction, it said Friday.

The Ant subsidiary, Chongqing Ant Consumer Finance Co., has secured CNY22 billion in total from investors including Tesla Inc. supplier Contemporary Amperex Technology Co. and smartphone-component maker Sunny Optical Technology Group Co. Ant will maintain a 50% stake in the unit after the deal.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

12-24-21 0620ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA CINDA ASSET MANAGEMENT CO., LTD. 0.78% 1.29 Delayed Quote.-9.15%
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 1.89% 426.9 End-of-day quote.-27.40%
SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED 7.31% 117.4 Delayed Quote.-52.39%
TESLA, INC. -6.42% 663.9 Delayed Quote.-37.18%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.46% 6.691 Delayed Quote.5.75%
All news about CHINA CINDA ASSET MANAGEMENT CO., LTD.
04/11Gansu Jingyuan Coal Halts Trading on M&A Plan
MT
04/07China Cinda Asset Management Co., Ltd. Appoints Mr. ZHAO Limin as an Executive Director
CI
03/29China Cinda Asset Management Co., Ltd. Proposes Ordinary Final Cash Dividend for the Ye..
CI
03/29China Cinda Asset Management Co., Ltd. Reports Earnings Results for the Full Year Ended..
CI
03/16China Cinda Asset Management Co., Ltd. Announces Management Changes
CI
02/24China Cinda Asset Management Issues $2 Billion of Renminbi Bonds for Tier-1 Capital Boo..
MT
02/22JACK MA : China asks state firms to check investments in Jack Ma's Ant - sources
RE
02/21Huaihe Energy Resumes Botched Merger with Huainan Mining; Shares Surge 10%
MT
01/27Beijing Mulls Dismantling Evergrande to Contain Sector-Wide Crisis
MT
01/26China property shares slump as planned U.S. rate hike adds to woes
RE
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Analyst Recommendations on CHINA CINDA ASSET MANAGEMENT CO., LTD.
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Financials
Sales 2022 102 B 15 207 M 15 207 M
Net income 2022 13 294 M 1 986 M 1 986 M
Net Debt 2022 526 B 78 534 M 78 534 M
P/E ratio 2022 3,05x
Yield 2022 10,2%
Capitalization 41 983 M 6 273 M 6 273 M
EV / Sales 2022 5,58x
EV / Sales 2023 5,27x
Nbr of Employees 14 723
Free-Float 30,6%
Chart CHINA CINDA ASSET MANAGEMENT CO., LTD.
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Technical analysis trends CHINA CINDA ASSET MANAGEMENT CO., LTD.
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 1,10 CNY
Average target price 1,31 CNY
Spread / Average Target 18,9%
EPS Revisions
Managers and Directors
Wei Dong Zhang President & Executive Director
YingXun Yang Chief Financial Officer
Jian De Gong Chairman-Supervisory Board
Zi Ai Zhang Chairman
Wu Xiang Zhu Independent Non-Executive Director
Sector and Competitors