Xinjiang Korla pear parent gets new top shareholder

China Cinda Asset Management Co. Ltd., the parent of Xinjiang Korla Pear's controlling shareholder, is undergoing an ownership change, according to filings by the company. China Cinda's shares will be transferred to Central Huijin Investment, per China's Ministry of Finance requirements. Central Huijin Investment, as the new major shareholder, has investments in several financial entities. This indirectly gives Central Huijin Investment a 41.45% stake. There is an ongoing subsidiary stake transfer that has been approved but is still pending. Xinjiang Korla Pear has a 9% share. All capital has been received. This transfer will be completed upon approval of other financial regulators. Central Huijin Investment does not plan on changing the entity's main businesses and objectives. It has also transferred CNY 400 million to the subsidiary's account.