Thu 11/17/2022 07:47 AM
CIFI Holdings has told certain investors that the company is in talks to sell preferred shares to state-owned enterprises as part of the “Third Arrow” program, the third leg of a three-part policy initiative that focuses on equity in raising financing, according to two sources familiar with the matter.
Details such as the identity of the SOEs or the amount of proceeds possibly raised were not immediately known.
Some investors have expressed concern that the discussions appeared to be...
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