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Dalian Friendship (Group) Co Ltd Announces Transfer of Right of Return on Asset with CITIC Securities Co Ltd


Friday, 19 Jul 2013 08:00pm EDT 

Dalian Friendship (Group) Co Ltd announced that it will sign a right of return on asset transfer and repurchase contract with CITIC Securities Co Ltd, to sell the right of return on asset of receivables of RMB 1,339,485,632.76 (the target asset), at the price of RMB 190,000,000.00. Dalian Friendship (Group) will repurchase the target asset for RMB 190,000,000 on July 15, 2014 from CITIC Securities Co Ltd. Dalian Friendship (Group) will also pay a premium of 6.43% per annual to CITIC Securities by quarterly.