CHINA CINDA Shares Rise 7.3%; Subsidiary CINDA SECURITIES Reportedly Set to Merge with CICC Through Share Exchanges
Stock Performance: CHINA CINDA (01359.HK) opened 7.26% higher at HKD1.33 with significant pre-market trading volume of 35.7967 million shares, totaling HKD47.6095 million.
Short Selling Activity: The stock experienced short selling of $6.96 million, with a ratio of 9.338%.
Merger Announcement: CHINA CINDA's subsidiary, CINDA SECURITIES, announced a legally binding cooperation agreement with CICC and DONGXING SECURITIES for a proposed merger through absorption and share exchanges.
Shareholding Structure: CINDA SECURITIES is the indirect controlling shareholder of CINDA INTL HLDG (00111.HK).
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CHINA CINDA Shares Rise 7.3%; Subsidiary CINDA SECURITIES Reportedly Set to Merge with CICC Through Share Exchanges
Stock Performance: CHINA CINDA (01359.HK) opened 7.26% higher at HKD1.33 with significant pre-market trading volume of 35.7967 million shares, totaling HKD47.6095 million.
Short Selling Activity: The stock experienced short selling of $6.96 million, with a ratio of 9.338%.
Merger Announcement: CHINA CINDA's subsidiary, CINDA SECURITIES, announced a legally binding cooperation agreement with CICC and DONGXING SECURITIES for a proposed merger through absorption and share exchanges.
Shareholding Structure: CINDA SECURITIES is the indirect controlling shareholder of CINDA INTL HLDG (00111.HK).
CHINA CINDA Shares Rise 7.3%; Subsidiary CINDA SECURITIES Reportedly Set to Merge with CICC Through Share Exchanges
Stock Performance: CHINA CINDA (01359.HK) opened 7.26% higher at HKD1.33 with significant pre-market trading volume of 35.7967 million shares, totaling HKD47.6095 million.
Short Selling Activity: The stock experienced short selling of $6.96 million, with a ratio of 9.338%.
Merger Announcement: CHINA CINDA's subsidiary, CINDA SECURITIES, announced a legally binding cooperation agreement with CICC and DONGXING SECURITIES for a proposed merger through absorption and share exchanges.
Shareholding Structure: CINDA SECURITIES is the indirect controlling shareholder of CINDA INTL HLDG (00111.HK).
