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 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
0.33 ^HKD	+3.12%		+11.86%	-17.50%

Apr. 16	Cinda International Buys Huarong Bonds Worth HK$22.9 Million	MT
Mar. 31	CITIC Financial Asset Management Swings to Profit in 2023	MT

China CITIC Financial Asset Management Co., Ltd. completed the acquisition of 7.93% stake in Sichuan Hexie Shuangma Co., Ltd. from Tianjin Saikehuan Enterprise Management Center (Limited Partnership).

March 14, 2024

China CITIC Financial Asset Management Co., Ltd. (SEHK:2799) agreed to acquire 7.93% stake in Sichuan Hexie Shuangma Co., Ltd. (SZSE:000935) from Tianjin Saikehuan Enterprise Management Center (Limited Partnership) for approximately CNY 890 million on January 31, 2024. The offer per share is CNY 14.68 for 60.55 million shares of Sichuan Hexie Shuangma Co., Ltd. China CITIC Financial Asset Management Co., Ltd. shall pay the first installment of the transfer price of CNY 27 million to the Tianjin Saikehuan Enterprise Management Center within five working days after all parties obtain the confirmation document from the Shenzhen Stock Exchange, and within thirty days after the completion the remaining transfer price of CNY 861.93 million.

China CITIC Financial Asset Management Co., Ltd. (SEHK:2799) completed the acquisition of 7.93% stake in Sichuan Hexie Shuangma Co., Ltd. (SZSE:000935) from Tianjin Saikehuan Enterprise Management Center (Limited Partnership) on March 15, 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.
	SICHUAN HEXIE SHUANGMA CO., LTD.	15.12 CNY	+2.02%	+1.82%	1.59B
	CHINA CITIC FINANCIAL ASSET MANAGEMENT CO., LTD.	0.33 HKD	+3.12%	+11.86%	3.38B

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

Cinda International Buys Huarong Bonds Worth HK$22.9 Million	Apr. 16	MT
CITIC Financial Asset Management Swings to Profit in 2023	Mar. 31	MT
China CITIC Financial Asset Management Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 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.	Mar. 22	CI
China Shun Ke Long's Indirect Controlling Shareholder to Sell Shares For Nearly 2 Billion Yuan; Shares Up 4%	Mar. 18	MT
China CITIC Financial Asset Management Co., Ltd. completed the acquisition of 7.93% stake in Sichuan Hexie Shuangma Co., Ltd. from Tianjin Saikehuan Enterprise Management Center (Limited Partnership).	Mar. 14	CI
China Citic Financial Asset Management Co., Ltd. Announces Resignation of Hu Jianzhong as Chairman of the Board of Supervisors and the Shareholder Representative Supervisor	Feb. 23	CI
China CITIC Financial Asset Management Co., Ltd. agreed to acquire 7.93% stake in Sichuan Hexie Shuangma Co., Ltd. from Tianjin Saikehuan Enterprise Management Center (Limited Partnership)for approximately CNY 890 million.	Feb. 01	CI
China Huarong Asset Management Changes Name	Jan. 26	MT
China Huarong Asset Management Co., Ltd. has Changed its Name to China CITIC Financial Asset Management Co., Ltd	Jan. 25	CI
Huarong Expects Return to Profit in 2023; Shares Jump 3%	Jan. 23	MT
China Huarong Asset Management Co., Ltd. Provides Earning Guidance for the Year 2023	Jan. 22	CI
Peking University Resources Mulls Appeal Against Court Ruling in Yingfeng Property Case	Jan. 11	MT
China Huarong Shareholders to Vote on Mega Investment Plan on Jan. 26	Jan. 09	MT
China Huarong Asset Management Co., Ltd. Announces Resignation of Non-Executive Directorate Changes	Jan. 08	CI
Huarong Completes 5.01% Stake Sale in CITIC	Dec. 26	MT
China Huarong Asset Management Co., Ltd. completed the acquisition of 5.01% stake in CITIC Limited from CITIC Polaris Limited.	Dec. 21	CI
China Huarong Asset Management Co., Ltd. completed the acquisition of 5.78% stake in China Merchants Expressway Network & Technology Holdings Co.,Ltd. from Chongqing Sino-Sin No. 1 Equity Investment Center (Limited Partnership), managed by Sino-Singapore Connectivity Private Equity Fund Management Co., Ltd.	Dec. 20	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.) agreed to acquire 3.3% stake in Shanghai Laofengxiang Co., Ltd. from Yangdi Fusion Arts and Crafts Equity Investment Center for CNY 690 million.	Nov. 29	CI
China Huarong Asset Management Proposes Company Name Change	Nov. 28	MT
China Huarong Asset Management Gets Regulatory Nod for Chief Risk Officer Appointment	Nov. 28	MT
China Huarong to Pick 5.8% Stake in China Merchants Expressway	Nov. 21	MT
China Huarong takes 5.8% stake in toll road operator	Nov. 20	RE
China's Property Sector Support Boosts Hong Kong Stocks; CITIC Jumps 6%	Nov. 20	MT
China Huarong Asset Management Co., Ltd. signed an agreement to acquire a 5.78% stake in China Merchants Expressway Network & Technology Holdings Co.,Ltd. from Chongqing Sino-Sin No. 1 Equity Investment Center (Limited Partnership), managed by Sino-Singapore Connectivity Private Equity Fund Management Co., Ltd. for CNY 3 billion.	Nov. 19	CI

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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.

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Investment Management & Fund Operators

Calendar

2024-08-26 - Q2 2024 Earnings Release (Projected)

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Ratings for China CITIC Financial Asset Management Co., Ltd.

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Investor Rating

ESG Refinitiv

B-

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Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.3055 CNY

Average target price

0.332 CNY

Spread / Average Target

+8.68%

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Annual profits - Rate of surprise

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