Everbright Jiabao Subsidiary to Purchase Paid-in Shares in Fund

MT Newswires Live04-08

Everbright Jiabao (SHA:600622) subsidiary Guangda Anshi (Beijing) Asset Management will acquire 110 million yuan of paid-in shares of Zhuhai Anshi Yihong Investment Center, or the Zhuhai Anshi Fund, from Shanghai Hengcheng Industrial Development.

The acquisition price for the shares is 130 million yuan, according to a Wednesday filing with the Shanghai bourse.

The transaction comes as Anshi Asset Management and partner Hengcheng Industrial signed a cooperation agreement regarding Anshi's investment in the Everbright Anshi Hongqiao Center project, the filing said.

The purchase does not include the 25.38% subscribed but unpaid limited partnership shares of Zhuhai Anshi Fund held by Hengcheng Industrial.

Once completed, the cooperation agreement will terminate, the filing said.

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