Jinzhan Holding Construction Bank delay: Continue to buy in the next 12 months

Source: Internet
Author: User
Keywords Equity CCB
Tags company continue free of charge it is market no longer noteworthy
China Construction Bank (601939) issued a report on changes in equity rights last night, the Chinese Bank Investment Co., Ltd. on May 25, 2009, will be held by the CCB 9% of the stake, free of charge to the parent company Central Huijin Investment Co.  Huijin's stake in CCB has risen to 57% per cent, and the bank's investment will no longer hold CCB shares. It is noteworthy that Huijin also announced plans to continue in the next 12 months in the two-tier market autonomy to increase its stake in the construction bank.  That means Huijin has extended its commitment to overweight in September last year. September 18, 2008, the stock market a wail, Huijin pledged to buy in the two-tier market, China, the construction of three lines of stock, and pledged to increase the three lines within a year not exceeding 2% of the total share capital.  The move is a powerful boost to market confidence. According to the CCB November 28, 2008 release of the report on the rights and interests, since September 23, 2008, Jinzhan held the CCB A shares of about 70.8 million shares.  Subsequent December 2008, as well as the 2009 1、2、3月份, Huijin also increased their holdings of CCB 46.81 million, 4.2 million, 2 million and 4.79 million shares respectively.  As regards the purpose of the latest transfer, the report says that it is aimed at strengthening the management of state-owned equity and rationalizing property relations. According to previous media reports, the bank investment may replace the role of China Investment Limited liability company for overseas investment, and said that the bank investment is to be held in its holdings of CIC shares to the Huijin company, and the purpose of this series of actions is to build silver investment can be successful investment.  Huijin insists on its equity investment in state-owned key financial enterprises and does not carry out any other commercial activities. CIC is currently a subsidiary of Bank investment, and Huijin is a subsidiary of China Investment Co., Ltd.
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