Top shareholder of troubled Chinese shadow bank Zhongrong plans to delist
The largest shareholder of the Chinese trust firm at the heart of the country’s shadow banking crisis plans to delist its shares due to “significant…
Source: biztoc.com
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Jingwei Textile, top shareholder of troubled Chinese shadow bank Zhongrong, plans to delist due to 'significant uncertainties'
Jingwei Textile Machinery, which has a 37.5 per cent stake in Zhongrong International Trust, says the move is aimed at protecting the interests of small investors.
Source: scmp.com
Top shareholder of China's troubled Zhongrong Trust plans to delist; stock surges
SHANGHAI :China's Jingwei Textile Machinery Co - the biggest shareholder of troubled Zhongrong International Trust Co - saw its stock surge on Wednesday after offering to buy out investors who object to the firm's plan to switch bourses.The price of Jingwei stock, which resumed trade following a two-day halt,
Source: channelnewsasia.com
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Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments
Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.
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