Cinda International Updates on Proposed Merger of Indirect Controlling Shareholder
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CICC, Cinda Securities, and Dongxing Securities have agreed to merge through a share exchange and absorption. Cinda Securities, the indirect controlling shareholder of Cinda International Holdings, confirmed the merger with China Cinda Asset Management. The Hong Kong Securities and Futures Commission stated the merger won't trigger a mandatory offer for Cinda International Holdings' securities. Updates will follow as the transaction progresses.
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