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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
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Provider: Reuters Investment Profile
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Provider: Reuters Investment Profile
$20.00

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CITIC Securities Co Ltd Announces Reorganization of Subsidiary


Tuesday, 21 May 2013 08:00pm EDT 

CITIC Securities Co Ltd announced the plan of reorganizing its wholly owned subsidiary, a Zhejiang-based securities company (Subsidiary A). According to the plan, partial assets and debts will be split from Subsidiary A and be used to establish a new subsidiary, a securities company with a registered capital of RMB 50 million, which is also wholly owned by the Company and is engaged in the operation of two operating offices in Cangnan and Tiantai, Zhejiang Province. Subsidiary A, whose registered capital will decrease from RMB 885 million to RMB 835 million, will still be alive and be engaged in the operation of remaining 55 operating offices and relative businesses. 

Company Quote

17.23
-0.28 -1.60%
28 Nov 2014