Cinda Real Estate (600657.SH) plans to establish a partnership enterprise with CHINA CINDA (01359) to invest in a project in Wuhu City, Anhui Province.

23/09/2024

GMT Eight

Cinda Real Estate (600657.SH) announced that its wholly-owned subsidiary Anhui Cinda Real Estate Development Co., Ltd. ("Anhui Cinda Real Estate") has jointly subscribed for shares of the Wuhu Xinhua Bang Industrial Investment Partnership Enterprise (Limited Partnership) ("Partnership") with affiliated companies CHINA CINDA Asset Management Co., Ltd. ("CHINA CINDA", 01359) and Xinshengli Insurance Equity Investment Co., Ltd. ("Xinshengli Insurance"). The total subscribed capital of the Partnership is 651 million yuan, with Anhui Cinda Real Estate subscribing for 350 million yuan, accounting for 53.73%. The Partnership plans to invest in a project in Wuhu City, Anhui Province. As of now, the project has started construction with an expected total value of about 1.19 billion yuan. The announcement states that CHINA CINDA is the controlling shareholder of Cinda Real Estate's parent company, Cinda Investment Co., Ltd. ("Cinda Investment"), and Xinshengli Insurance is a subsidiary of Cinda Investment.

Beijing Worldia Diamond Tools (688028.SH) Interim equity distribution for the year 2024: Dividend of 1.2 yuan for every 10 shares held. Record date for equity distribution is September 27th.

Zhang Jian's license was temporarily suspended by the Hong Kong Securities and Futures Commission for nine months due to a lack of sponsors.

Contact: contact@gmteight.com

Cinda Real Estate (600657.SH) plans to establish a partnership enterprise with CHINA CINDA (01359) to invest in a project in Wuhu City, Anhui Province.

RECOMMEND

Supply chain crisis is approaching the United States again, with the threat of dockworkers strike potentially impacting the economy.

ARTA TECHFIN(00279): Peng Qian has been appointed as an independent non-executive director.

A major driving force behind the continuous record highs in the Indian stock market is the derivatives market, which has reached a record size of $116 billion.