News Column

China Cinda Sells Off Bank of Xi'an Equity

July 4, 2014

XI'AN, July 4, SinoCast -- China Cinda Asset Management Company, Ltd., majority shareholder of Bank of Xi'an, has put up 630 million shares in the latter for auction on the Beijing Financial Assets Exchange (CFAE) for CNY 2.2113 billion. A top executive of the seller told reporters that they are discommodious to reveal reasons.

Incomplete statistics said that shareholders of more than ten city commercial banks have put up held equities for auction in dozens of exchanges and trading platforms since early 2014.

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Source: Sinocast Banking & Credit Beat (China)

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