CHINA CITIC FINANCIAL ASSET MANAGEMENT CO., LTD.

China CITIC Financial Asset Management Co., Ltd.

Equities

2799

CNE100002367

Investment Management & Fund Operators

Market Closed - Hong Kong S.E. Other stock markets 03:08:15 2025-01-17 am EST			5-day change	1st Jan Change
0.6300 ^HKD	+3.28%		+12.50%	-3.08%

Jan. 16	China CITIC Financial Asset Management Expects up to 466% Surge in 2024 Profit; Shares Rise 3%	MT
Jan. 03	China CITIC Financial Asset Management Sells 60% Interest in Financial Leasing Arm	MT

China CITIC Financial Asset Management Co., Ltd. agreed to acquire an additional 4.88% stake in CITIC Limited from Bosera Asset Management Co., Ltd., Bosera Asset Management (International) Co., Limited, Dacheng Fund Management Co., Ltd., Da Cheng International Asset Management Co., Ltd., ICBC Credit Suisse Asset Management Co., Ltd. and ICBC Credit Suisse Asset Management (International) Company Limited for HKD 12.3 billion

November 07, 2024

China CITIC Financial Asset Management Co., Ltd. (SEHK:2799) agreed to acquire an additional 4.88% stake in CITIC Limited (SEHK:267) from Bosera Asset Management Co., Ltd., Bosera Asset Management (International) Co., Limited, Dacheng Fund Management Co., Ltd., Da Cheng International Asset Management Co., Ltd., ICBC Credit Suisse Asset Management Co., Ltd. and ICBC Credit Suisse Asset Management (International) Company Limited for HKD 12.3 billion on November 8, 2024. A cash consideration of HKD 12.35 billion valued at HKD 8.7 per share will be paid by China CITIC Financial Asset Management Co., Ltd. As part of consideration, HKD 12.35 billion is paid towards common equity of CITIC Limited. Upon completion, China CITIC Financial Asset Management Co., Ltd. will own 9.89% stake in CITIC Limited.

The transaction has been approved by the Board of China CITIC Financial Asset Management Co., Ltd. (SEHK:2799).

The expected completion of the transaction is December 31, 2024.

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.
	CITIC LIMITED	8.530HKD	+0.47%	+2.77%	31.88B
	CHINA CITIC FINANCIAL ASSET MANAGEMENT CO., LTD.	0.6300HKD	+3.28%	+12.50%	6.5B

Latest news about China CITIC Financial Asset Management Co., Ltd.

China CITIC Financial Asset Management Expects up to 466% Surge in 2024 Profit; Shares Rise 3%	Jan. 16	MT
China CITIC Financial Asset Management Sells 60% Interest in Financial Leasing Arm	Jan. 03	MT
CITIC Group Corporation acquired 60% stake in China Huarong Financial Leasing Co., Ltd. from China CITIC Financial Asset Management Co., Ltd. for CNY 12 billion.	Dec. 30	CI
Shandong Hontron Aluminum Industry Holding Company Limited signed an agreement of intent to acquire Shandong Hongtuo Industrial Company Limited from a group of sellers.	Dec. 22	CI
China CITIC Financial Asset Management Co., Ltd. Announces Executive Changes	Dec. 06	CI
China CITIC Financial Asset Management to Further Acquire Shares of CITIC Limited, Bank of China, China Everbright Bank	Nov. 14	MT
Huarong International Financial Chairman Resigns	Nov. 11	MT
China CITIC Financial Asset Management Co., Ltd. agreed to acquire an additional 4.88% stake in CITIC Limited from Bosera Asset Management Co., Ltd., Bosera Asset Management (International) Co., Limited, Dacheng Fund Management Co., Ltd., Da Cheng International Asset Management Co., Ltd., ICBC Credit Suisse Asset Management Co., Ltd. and ICBC Credit Suisse Asset Management (International) Company Limited for HKD 12.3 billion	Nov. 07	CI
China Citic Financial Asset Management Co., Ltd. Announces Resignation of Zhu Wenhui as CFO	24-10-18	CI
Chinese National Asset Management Companies' Earnings to Remain Erratic, Fitch Says	24-09-23	MT
China CITIC Financial Asset Management Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	24-08-30	CI
China CITIC Financial Asset Management to Swing to Profit in H1	24-08-08	MT
StanChart-backed China Bohai Bank Proposes Sale of CNY25.61 Billion Assets	24-07-22	MT
China Bohai Seeks to Dispose of $4 Billion in Bad Loans	24-07-21	CI
China CITIC Financial Asset Management Disposes 60% Stake in China Huarong Financial	24-06-12	MT
CITIC Financial Trust Scheme Grants 480 Million Yuan to Suning's Retail Cloud Arm	24-05-31	MT
Nanjing Suningjia Electronic Commerce Co., Ltd. announced that it has received CNY 480 million in funding from China CITIC Financial Asset Management Co., Ltd.	24-05-28	CI
China CITIC Financial to Transfer 60% Stake in Huarong Financial Leasing	24-05-28	MT
Former China Huarong International executive sentenced to death for bribery	24-05-28	RE
CITIC Group Corporation agreed to acquire 60% stake in China Huarong Financial Leasing Co., Ltd. from China CITIC Financial Asset Management Co., Ltd. for CNY 12 billion.	24-05-27	CI
Cinda International Buys Huarong Bonds Worth HK$22.9 Million	24-04-16	MT
CITIC Financial Asset Management Swings to Profit in 2023	24-03-31	MT
China CITIC Financial Asset Management Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	24-03-28	CI
Ningbo Junhe Tongxiang Enterprise Management Partnership Enterprise (L.P.), China Huarong Asset Management Co., Ltd., Taian Qianxing Equity Investment Fund Partnership Enterprise (L.P.) and Nanjing Hehegu Enterprise Management Partnership Enterprise (L.P.) completed the acquisition of 3.3% stake in Shanghai Laofengxiang Co., Ltd. from Yangdi Fusion Arts and Crafts Equity Investment Center.	24-03-22	CI
China Shun Ke Long's Indirect Controlling Shareholder to Sell Shares For Nearly 2 Billion Yuan; Shares Up 4%	24-03-18	MT

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2799: Dynamic Chart

Company Profile

China CITIC Financial Asset Management Co Ltd, formerly China Huarong Asset Management Co Ltd, is a China-based company mainly engaged in asset management business. The Company operates through three segments. Distressed Asset Management Operations segment is engaged in distressed asset management, debt equity swap asset management, the management of non-performing assets carried out by subsidiaries distressed asset management business conducted by its subsidiaries, distressed asset-based special situations investments business and distressed asset-based property development business. Financial Services segment is mainly engaged in financial leasing business. Asset Management and Investment Operations segment is mainly engaged in private equity funds business, financial investments business, international business, and other businesses.

Employees

4,948

Sector

Investment Management & Fund Operators

Calendar

2025-03-26 - Q4 2024 Earnings Release (Projected)

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