Shares of CICC (China International Capital Corporation), a leading Chinese investment bank, plummeted 5.42% on Wednesday after one of its portfolio companies, smartphone maker Honor, announced it had received an investment from partners including China Telecom and a unit of CICC Capital Corp.
The announcement by Honor, a former Huawei unit, suggests that CICC may be diluting its stake in the smartphone company as it raises funds from other investors. While the investment amount was not disclosed, such a move could potentially impact CICC's valuation of its existing investment in Honor.
Investors may be concerned that the dilution of CICC's stake in Honor could weigh on the investment bank's future returns from the smartphone maker. However, details on the transaction and its impact on CICC's holdings remain unclear at this time.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。