businesspress24.com - CIFI Introduces Ping An Insurance as a Strategic Investor
 

CIFI Introduces Ping An Insurance as a Strategic Investor

ID: 1515412

(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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Bereitgestellt von Benutzer: Marketwired
Datum: 27.07.2017 - 22:10 Uhr
Sprache: Deutsch
News-ID 1515412
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HONG KONG, CHINA


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Commercial & Investment Banking


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Die Pressemitteilung mit dem Titel:
"CIFI Introduces Ping An Insurance as a Strategic Investor
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CIFI Holdings (Group) Co. Ltd. (Nachricht senden)

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