CIFI Introduces Ping An Insurance as a Strategic Investor
(firmenpresse) - HONG KONG, CHINA -- (Marketwired) -- 07/28/17 -- ("CIFI" or the "Group") (HKSE: 884), has announced to issue 545,000,000 new shares to a subsidiary of (HKSE: 2318) ("Ping An") at HK$3.50 per share. After the subscription, Ping An will own approximately 10% of the enlarged share capital of CIFI.
The Group believes that the introduction of Ping An as a strategic investor will strengthen the Group's equity. Going forward, CIFI and Ping An will actively seek opportunities for co-operations. Further, CIFI will appoint a representative from Ping An to the board of directors.
Headquartered in Shanghai, CIFI is one of China's top 20 real estate developers. CIFI principally focuses on developing high-quality properties which target the end-users in first- and second-tier cities in China. CIFI develops various types of properties, including residential flats, office buildings and commercial complexes.
To learn more about the Company, please visit CIFI's website at:
CIFI Holdings (Group) Co. Ltd.
Investor Relations
Tel: (852) 2156 1316
Fax: (852) 3107 0199
Email:
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Datum: 28.07.2017 - 04:10 Uhr
Sprache: Deutsch
News-ID 554319
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contact information:
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HONG KONG, CHINA
Kategorie:
Commercial & Investment Banking
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