China Cinda Asset Management Co., Ltd.

Equities

1359

CNE100001QS1

Investment Management & Fund Operators

Delayed Hong Kong S.E. Other stock markets 02:43:55 2024-04-26 am EDT			5-day change	1st Jan Change
0.71 ^HKD	+5.97%		+9.23%	-8.97%

Mar. 31	Global Bio-chem Technology Returns to Profit in 2023 on Debt Restructuring, Asset Disposal	MT
Mar. 26	China Cinda Asset Management Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 16 August 2024	CI

China Cinda to Invest CNY6.0 Billion in Ant Unit

December 24, 2021 at 06:20 am EST

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

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED	193.2 CNY	+1.90%	-1.21%	117B
TESLA, INC.	170.2 USD	+4.97%	+13.51%	543B
SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED	38.05 HKD	+7.18%	+6.73%	4.94B
US DOLLAR / CHINESE OFFSHORE YUAN	7.261 CNH	+0.10%	+0.15%	-

Latest news about China Cinda Asset Management Co., Ltd.

Global Bio-chem Technology Returns to Profit in 2023 on Debt Restructuring, Asset Disposal	Mar. 31	MT
China Cinda Asset Management Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 16 August 2024	Mar. 26	CI
China Cinda Asset Management Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
China Cinda Asset Management Co., Ltd. Announces Resignation of Zhang Yuxiang As Non-Executive Director	Feb. 26	CI
China Takes Down Article on CIC’s Merger With Bad-Debt Managers	Jan. 29	MT
China to merge three major asset managers into China Investment Corp -Xinhua	Jan. 28	RE
SWSI Sells $2.5 Million in Debts Issued by China Cinda Unit	Jan. 14	MT
Global Sweeteners Arm Settles Debt Owed to China Cinda Asset Management	Jan. 05	MT
Zhejiang Zhongning Silicon Industry Co., Ltd. announced that it has received CNY 800 million in funding from Phoenix Tree Capital Partners, Quzhou Holding Group Co., Ltd., Shanghai SAIC Hengxu Investment Management Company Limited, China Cinda Asset Management Co., Ltd. and other investors	Jan. 03	CI
Global Bio-Chem Technology Units Enter Into 5 Billion Yuan Debt Restructuring Deals	Dec. 28	MT
Global Bio-Chem Technology Shareholders to Vote Dec. 31 on Proposed Issue of Convertible Preference Shares to 2 Parties	Dec. 15	MT
China Cinda Asset Management Co., Ltd. Announces Resignation of Liu Chong as Non-Executive Director and Member of Strategic Development Committee	Nov. 20	CI
China Rare Earth Resources And Technology Co., Ltd. announced that it has received CNY 2.096660659 billion in funding from a group of investors	Nov. 14	CI
SWSI Offloads $1 Million Preference Shares in China Cinda	Nov. 09	MT
China Cinda Asset Management Co., Ltd. Appoints Zhang Qiuping as Non-Executive Director	23-10-24	CI
China Cinda Asset Management's H1 Attributable Profit Falls on Plunge in Total Income	23-08-30	MT
China Cinda Asset Management Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-29	CI
China Cinda Asset Management Co., Ltd. Announces the Resignation of Mr. He Jieping as Non-Executive Director	23-08-25	CI
Huscoke Holdings to Pay Facility of HK$150 Million Until August	23-08-15	MT
China Cinda Holdings aims to raise $400 mln in dollar bond - sources	23-07-30	RE
China Cinda Asset Management Co., Ltd. Appoints ZHANG Qiuping as Non-Executive Director	23-07-20	CI
Guangdong Hec Pharmaceutical Co., Ltd. announced that it expects to receive CNY 13.943215 million in funding from Shenzhen HEC Industrial Development Co., Ltd., Guangdong HEC Technology Holding Co., Ltd, Guangdong Hengjian Emerging Industry Investment Fund Management Co., Ltd., China Cinda Asset Management Co., Ltd., Jiaxing Xingshengdongyan Investment Partnership (Limited Partnership)	23-06-24	CI
Lai Sun Development's Unit Fully Acquires Subsidiary for $8.4 Million	23-06-22	MT
China Cinda Asset Management Co., Ltd. Approves Profit Distribution Plan for 2022, Payable on August 18, 2023	23-06-20	CI
Grifols shares soar on possible sale of $1.5 bln stake in Shanghai RAAS	23-06-14	RE

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Company Profile

China Cinda Asset Management Co., Ltd. is an investment holding company mainly engaged in the provision of financial services as well as the management of distressed asset management. Along with subsidiaries, the Company operates its business through three segments. The Financial Services segment is involved in the provision of financial services in sectors such as bank, securities, insurance, financial leasing and asset management. The Distressed Asset Management segment is engaged in the management of assets arising from acquisition of distressed debts and debt-to-equity-swap and the provision of clearing settlement and fiduciary services. The Financial Investment and Asset Management segment is involved in the management of financial investments on private funds and companies in certain other industries.

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Calendar

2024-08-27 - Q2 2024 Earnings Release (Projected)

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ESG Refinitiv

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HOLD

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Last Close Price

0.6201 CNY

Average target price

0.748 CNY

Spread / Average Target

+20.63%

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