CLSA Premium's (HKG:6877) controlling shareholder, CITIC Securities International, is in talks with Beijing Tong Ren Tang (Cayman) regarding the disposal of shares, a Tuesday Hong Kong bourse filing stated.
CITIC first announced its intention to transfer between 569,321,200 and 813,316,000 shares in CLSA Premium through a public solicitation process in July 2024.
The shares represent roughly 28% to 40% of the financial services provider's total issued share capital.
The parties are yet to enter into a formal agreement regarding the transfer of the shares.
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