China Cinda Asset Management Co., a state-backed company that gobbles up bad loans from China’s financial system, Thursday priced its initial public offering at the top of its price range, at HK$3.58 a share, to raise US$2.5 billion.
This fund is governed by China Ministry of Finance and managed by Cinda Asset Management , one of the four largest asset managers in China. Major shareholders of the fund include China Ministry of Finance, Cinda , CITIC .... For instance, China Tune.
Great Wall chairman Zhang Xiaosong said at a ceremony in Beijing on Sunday the restructuring marks “a new era” for the company, which will continue to focus on bad debt solutions and asset management to help curb financial risks and support China's .
Other cornerstone investors for the Reit's initial public offering ( IPO ) are China Cinda Asset Management , Fosun International Holdings and BOCOM International Global Investment. For the three months ended Dec 31 last year, EC World Reit reported a.
Shares of China Cinda Asset Management Co Ltd (HKG:1359) last traded at 2.88, representing a move of -1.03%, or -0.03 per share, on volume of 101.82 million shares. ... More interesting news about China Cinda Asset Management Co Ltd (HKG:1359) were.
HONG KONG, Dec 28 (Reuters) - China Cinda Asset Management Co, one of the country's four state-backed bad-debt managers, said on Wednesday it would sell 41 percent of Cinda Property and Casualty Insurance Co Ltd to Shenzhen Investment Holding .
Low was in Stan Chart's Singapore FIG team for more than four years, latterly as a director, and worked on both M&A and capital markets transactions, including the $2.5bn IPO of China Cinda Asset Management on the Hong Kong Stock Exchange in 2013.
In 2012, they advised insurer PICC on a $3.1 billion Hong Kong IPO ; the following year, they acted for state-owned China Cinda Asset Management Co. Ltd. on a $2.5 billion debut in Hong Kong; in 2015, they represented Lenovo Group Ltd.'s parent Legend .
In 1999, Tian left CCB to help establish China Cinda Asset Management Co, one of the country's Big Four state-owned bad debt managers created to take over distressed assets from big state banks. In 2013, Tian moved to BOC to head China's fourth-largest .
China Cinda Asset Management , a state-owned entity created as a "bad bank" in 1999, and Shandong Lucion Investment Holdings will underwrite $750 million and $250 million respectively. Glencore will underwrite $300 million. Yancoal will also sell a $150 .