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China Chengtong signed New Times Securities equity transfer agreement

General Office & Department of Financial Management     2021-12-14         

The Agreement on Equity Transfer of New Times Securities was signed on December 14 in China Beijing Equity Exchange. China Chengtong signed the agreement with equity transferor (including the transferor’s entrusted institution) to acquire 98.24% of New Times Securities’ equity. The Group’s General Accountant Chen Yong and General Counsel Tang Guoliang attended the signing ceremony.

As the state capital operating company, China Chengtong will make full use of its major platforms in fund investment, equity operation, assets management and financial services to further improve New Times Securities’ governance structure and strictly guard against financial risks in accordance with financial supervision regulations. In the meantime, China Chengtong will constantly enhance New Times Securities’ resources and business integration, and sharpen its financial operation ability in serving central SOEs in order to promote a healthy business development of New Times Securities.

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