CRRC to Buy Nearly 3% Stake in Local Financial Leasing Firm From Parent

MT Newswires Live

2024/10/31

CRRC (HKG:1766, SHA:601766) plans to acquire a 2.59% stake in a local financial leasing company for 371.6 million yuan, according to filings with the Hong Kong and Shanghai bourses on Wednesday.

The state-owned rolling stock manufacturer will buy the stake in China National Foreign Trade Financial & Leasing from its controlling shareholder, CRRC Group. CRRC Group holds a 51.5% stake in CRRC.

CRRC said the transaction is in line with its strategic plans.

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