Cinda Real Estate's control shifts to Central Huijin

Cinda Real Estate (SSE: 600657) announced that the impending equity transfer of its controlling shareholder, China Cinda, to Central Huijin Investment will result in a change of control. According to the acquisition report, the People's Republic of China Ministry of Finance's decision to transfer all of its China Cinda equity to Central Huijin now sees Central Huijin being considered the indirect owner of 1,552,939,583 A shares of Cinda Real Estate, or 54.45% of its shares. This has been approved by the National Administration of Financial Regulation.