FilingReader Intelligence
China Cinda scraps Founder Securities stake sale
July 29, 2025 at 10:59 AM UTC•By FilingReader AI
China Cinda Asset Management scrapped its planned reduction of Founder Securities shares, citing changes in market conditions.
The asset manager had intended to sell up to 82.3 million shares, representing approximately 1% of Founder Securities' total share capital, through centralized bidding between April and July 2025.
China Cinda retains its 593 million shares, representing 7.2% of Founder Securities.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SSE:601901•Shanghai Stock Exchange
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