On the evening of December 24 $CHINA CINDA (01359.HK)$ It was announced on the Hong Kong Stock Exchange that as one of the capital increase subscribers, it has entered into equity subscription agreements with target companies, other capital increase subscribers, and other existing shareholders. According to the share subscription agreement, the target company issued an additional registered capital of RMB 22 billion to all capital increase subscribers. Among them, China Cinda will invest RMB 6 billion to subscribe 20% of the target company's shares in cash.
A total of 6 companies participated in this capital increase and stock expansion. In addition to China Cinda, they also include Ant Group, Yuyue Healthcare, Shunyu Optics, Boguan Technology, and Yufu Capital.
Needless to say about China Cinda's background; if you look at shareholders, you'll know that the Ministry of Finance and the Social Security Fund Board.
Ants have become regular soldiers! Coupled with Penguin's voluntary abandonment of JD stock positions yesterday, I judge that this round of systemic rectification capital is expanding in a disorderly manner or is nearing its end. $BABA-W (09988.HK)$ $Alibaba (BABA.US)$