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Kingdee Int'l: CBRC approves JV CITIC Consumer Finance
14 Sep 2018
(Infocast News) Kingdee International Software (00268) announce that the application for the establishment of CITIC Consumer Finance Company jointly by Kingdee Software (China) Co. (a wholly-owned subsidiary of Kingdee International Software), CITIC Limited (00267) and CITIC Trust Co. was approved by China Banking Regulatory Commission on 17 August 2018.

Kingdee Software (China) Co. will hold 30% of interest in the CITIC Consumer Finance Company by contributing RMB90 million to the company.

(WL)
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