Huarong Int Fin (0993) subscribes HK$900m preferred shares in Shanghai Huaxin Group (HK) Ltd

There are various put options provided by its PRC 100% parent, CEFC Shanghai International Group Ltd, in the event that Huaxin HK does not get a listing on a recognised stock exchange (including SEHK main board) by 2020. The announcement doesn't say what percentage of the equity of Huaxin HK the preferred shares represent.

Organisations

China CEFC Energy Company Limited 中國華信能源有限公司
Gain Sun Ventures Limited 盈暉創投有限公司
Huarong International Financial Holdings Limited 華融國際金融控股有限公司
Shanghai CEFC International Group Limited 上海華信國際集團有限公司
SHANGHAI HUAXIN GROUP (HONGKONG) LIMITED 上海華信集團(香港)有限公司

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